Round numbers (ending in 00 or 50) often act as invisible trendlines. If your technical trendline intersects with a round number, expect a violent reaction. This is where "Smart Money" places their orders.
While traders debate this, the most robust trendlines connect candle wicks in high-volatility markets (forex/crypto) to capture the true panic/greed extremes. However, connecting closing prices (bodies) often reveals the "true" consensus of the market sentiment. Secret: Use wicks to establish the trend, but close-only lines for entry triggers. 3. The 45-Degree Ideal Trendlines that are too steep (above 60∘60 raised to the composed with power trendline trading strategy secrets revealed 21 full
A trendline is powerful. A trendline + Support/Resistance = A Nuclear Signal. If a horizontal resistance level sits exactly where your trendline sits, that is a "Confluence Zone." This is where reversals happen. Round numbers (ending in 00 or 50) often
How price reacts to the trendline tells you the strength. While traders debate this, the most robust trendlines
Nobody sees this. Secret #19: Draw a trendline connecting the closes of the candles, not the highs/lows. This "Stealth Line" breaks 3-4 candles before the main line. Enter on the Stealth break, exit on the main line break. You will capture the entire move.