BATS:IWM   ISHARES RUSSELL 2000 ETF
172 2 1
TL support
timwest PRO
2 years ago
No offense, but that's not really a normal or logical way to make a trendline.

Here's my explanation: The distance from the touchpoints in Nov & Dec only logically project forward by the amount of time between them. So, your trendline would end in early January.

Also, your first trendline touchpoint (on the bottom trendline you drew) isn't as large a correction as the one before it, hence, it doesn't appear as important.

I like that you are on top of the markets, but I just think it is important to not over-produce charts for every thought you have about a market.
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KLang PRO timwest
2 years ago
I'm looking at a neckline for a HS top and thought we had put one in. I won't do intra day thought anymore.
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