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The Magic Of The Trendline
As we know, most technical indicators lag the price action. Is there any alternative strategy that may be more predictive?
Yes, the geometry of the market itself.
Trendlines and channels are amongst the oldest and apparently least sophisticated technical indicators. Perhaps, this is one of the reasons why trading techniques based upon them are generally unloved and ignored.
When correctly interpreted, they reveal the balance of power, the eternal struggle between the bulls and bears. Which side are you on?
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