i won't go into specifics, yet. let it come to you in about 3 days or less. but, each line is a resistance point. first line is worry. second line is panic. thrid line is freak out and consider closing.
overall, the tip of each specific line, acts as an infinite line on your chart as if it is acting like a updated arrow of where the direction is going in the near future. (play around a bit, for example, if all tips of the arrows, point down, direction is down. if all three tips of the line point upwards, direction is upwards; wideness; right angles;who's on top; and much more)
i'm not accounting the other factors.
most important is, the red line. the red line is the direct direction of the right now.
the blue line is most important. the farther away from the red line, the stronger the direction.
the middle line (can by any color throughout range/switch-ups/reversals, can act as the first main real resistance of where price needs to push through with confidence in order to break trend and shoot for the third line (which most times can be the blue line in heavy trends)
overall, the tip of each specific line, acts as an infinite line on your chart as if it is acting like a updated arrow of where the direction is going in the near future. (play around a bit, for example, if all tips of the arrows, point down, direction is down. if all three tips of the line point upwards, direction is upwards; wideness; right angles;who's on top; and much more)
i'm not accounting the other factors.
most important is, the red line. the red line is the direct direction of the right now.
the blue line is most important. the farther away from the red line, the stronger the direction.
the middle line (can by any color throughout range/switch-ups/reversals, can act as the first main real resistance of where price needs to push through with confidence in order to break trend and shoot for the third line (which most times can be the blue line in heavy trends)