DislikedIts naive to think lines drawn on chart will stop price from rising or dropping. Only demand and supply moves price. I once mistakenly entered a market sell order instead of limit for 200,000 shares, the price of the stock dropped 20% in seconds. It broke all so called supports. If only price had stopped at trendline, I would've lost a lot less money that dayIgnored
people draw these lines to anticipate the supply/demand..do you have access to real time book of order flows? no? then you're just like the rest of us clueless traders. we try to anticipate those levels with lines..
you're a techie and you don't even know it.
Working towards CME membership
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