DislikedNav, a very basic question... Should trend lines be drawn from the absolute low of the shadow? I sometimes see them drawn from the open/close..CheersIgnored
1)If u play the low of the shadow then yur playing a touch of the line
2)If your drawing it on the open/closes then obviously u have to wait for the candle to close or open to enter and in general people dont do this cause it requires more patience i think, also entery can have a bigger drawdown but is considered to be safer practice
i actually down trust trendlines, i think they cause hinderance for price ...i use them more for a guide. I find actually support/ resistance to work far more effective
i hope in some way i answered yur question
im still trying to work out to what extent trendline are actually respected