Ok bud I have 2 arrows on this picture on trendlines. Should I forget about trendlines when analyzing completly or how do you do it. For example I know the one that broke is to vertical and has less importance since consolidation could brake it. But the fact it broke in my head it adds more bias to bearish team though , now I know that I should not have a Bias when trading since it can hurt my trading. Though since that one broke I would normally think price is looking for the next trendline the most exterior trendline. One of the question is can i do pattern recognition like triangles wedges and stuff like that or how do i do it since I whant simplicity but I whant to know how much simplicity is right. Do you ever place any trendlines at all and if you do what must the market meet so you consider it?
Now on my third arrow I am showing you the brake of the swing low....
What does this tell you and when would you pull the trigger short. Would you wait for the intraday short to brake to go short or how do you anticipate it.The reason I have now placed a swing fib is because its 2 am and we have franky open now. Also the fact retracement short from the daily is at that point what comes to your head. I know price is finding support at the intraday short but how much support is needed for you to believe is true support. And how much importance do you give to the fact that price found resistance in the swing fibb.Though personally What I see now its no true direction so I believe I should not be in a trade since the market has not showed a clear direction. And in fact we have a bullish trend in a strong direction.I am confused in a bitt of stuff i am going to work on simplifying as much as I can.
Now on my third arrow I am showing you the brake of the swing low....
What does this tell you and when would you pull the trigger short. Would you wait for the intraday short to brake to go short or how do you anticipate it.The reason I have now placed a swing fib is because its 2 am and we have franky open now. Also the fact retracement short from the daily is at that point what comes to your head. I know price is finding support at the intraday short but how much support is needed for you to believe is true support. And how much importance do you give to the fact that price found resistance in the swing fibb.Though personally What I see now its no true direction so I believe I should not be in a trade since the market has not showed a clear direction. And in fact we have a bullish trend in a strong direction.I am confused in a bitt of stuff i am going to work on simplifying as much as I can.