I've heard people say that because highs and lows represent market rejection,
they should not be used when drawing TL's, drawing fibs, making s/r levels and
should be left out of all kinds of technical analysis in general.
If highs and lows are not considered, this can have a significant impact on ones
technical analysis of charts.
based on your trading, what do you think? Are highs and lows irrelevant ?
they should not be used when drawing TL's, drawing fibs, making s/r levels and
should be left out of all kinds of technical analysis in general.
If highs and lows are not considered, this can have a significant impact on ones
technical analysis of charts.
based on your trading, what do you think? Are highs and lows irrelevant ?