parallel channels dont adequately explain this on a macro scale
I see it often.
these lines may trend diagonally but they are not required to be so; I see one website say "Because technical analysis is just as much art as it is science," which is a fundamentally flawed way of looking at mathematics. It has no desire to be pretty for you. Fibonacci sequences are not in nature; almost all of those stories are myths or framed.
Instead, what if we just looked at where people generally bought- and where they are least likely to sell? Not 'support' or 'resistance' but 'impatience' and 'apprehension'. They are least likely to sell at a lower price, yet most end up doing so anyway from certain judgments. When they get back to that price line, the same people will -not- buy there again, fearing the same trap.
so plan for when people are most likely to sell and least likely to buy and when the odds are stacked in your favor on one side of the market. investor sentiment is swayed by only one thing: price. the relative strength of each channel horizontally can be gauged by volume, but it's not really needed. even a small amount can cause price action
thanks
these lines may trend diagonally but they are not required to be so; I see one website say "Because technical analysis is just as much art as it is science," which is a fundamentally flawed way of looking at mathematics. It has no desire to be pretty for you. Fibonacci sequences are not in nature; almost all of those stories are myths or framed.
Instead, what if we just looked at where people generally bought- and where they are least likely to sell? Not 'support' or 'resistance' but 'impatience' and 'apprehension'. They are least likely to sell at a lower price, yet most end up doing so anyway from certain judgments. When they get back to that price line, the same people will -not- buy there again, fearing the same trap.
so plan for when people are most likely to sell and least likely to buy and when the odds are stacked in your favor on one side of the market. investor sentiment is swayed by only one thing: price. the relative strength of each channel horizontally can be gauged by volume, but it's not really needed. even a small amount can cause price action
thanks
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we r algorithm'd now I'm afraid
