Latest / Breaking News To Trading Moves
Trendlines are useful, but not for the reason beginners think
A trendline looks simple. Draw a line under price, draw another above price, and the chart suddenly feels easier to understand. For beginners, that can create a dangerous illusion. They start treating the line like a wall, a rule, or a guaranteed support and resistance level.
But markets do not respect lines because traders drew them. Markets move because of liquidity, positioning, orders, catalysts, emotion and risk. That does not make trendlines useless. It makes them misunderstood.
A trendline is not there to predict the future. It is there to help traders organise price action, read…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.