liberatedstocktrader

The difference between trendlines on daily lows vs closing

Short
NASDAQ:NDX   Nasdaq 100 Index
Here you can see that drawing trendlines on a daily low plotted into the future can make a 5 to 10% difference in only a matter of months on your predictions. Always use the daily/weekly close price, because where the market closes is important. We have a nice rebound today but unfortunately, it is dying out into the close. Don't be fooled by the algo's, short-term rebounds have been cashed in for the day, but who is holding overnight? Not many.

Barry D. Moore CFTe Financial Technician
12 Proven Winning Chart Patterns
www.liberatedstocktrader.com/chart-patterns-reliable-profitable/
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