momentum of a trend. Very steep trend lines are very easily
broken as they represent climatic trends. Trend lines that are
almost flat might indicate congestion.
Despite all the goodness of trend lines, many traders find it
difficult to use them effectively. One main reason is the drawing
of too many trend lines. You can draw trend lines with two bars
or two hundred bars. But draw too many lines and you will only
confuse yourself. Regardless of how powerful trend lines can be,
they are useless in the hands of a confused trader.
This is why we will focus on drawing trend lines that are
effective in highlighting the market bias, and not every single
possible trend line.
May 11, 2022 930 1
