Notes
- Trendlines are based on opinions with no statistical edge.
- The market sees where a large pool of liquidity is, i.e., new buy stops, new sell stops, or old buy stops and sell stops.
- Large traders are the prey of the market. That’s where the market will go.
- If the trendline looks too obvious, it is probably a trap.
- If we expect higher prices, we look for an entry around the swing low that formed between the second and third touch of the bearish trendline.
- If we expect lower prices, we look for an entry around the swing high that formed between the second and third touch of the bullish trendline.
Trendline Phantoms - False Trendlines
Trendline Phantoms - Trendline Theory
Trendline Phantoms - Bullish Trendline Support
Trendline Phantoms - Bearish Trendline Resistance
Trendline Phantoms - Bullish Trendline Examples
Trendline Phantoms - Bearish Trendline Examples
Trendline Phantoms - Trendline Examples - Triangle Pattern Example
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