Or you could say Daily trend is down.
Small tf rallies can be sold for almost any reason.
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prochargedmopar wrote:MightyOne wrote:prochargedmopar wrote:I'm guessing 15 degree angles are an estimate?
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1) both of those angles are not 15 degrees.
2) no, one cannot know the exact angle, but 15* will always be closer to the channels speed than any other angle.
The angles stay at 15 degrees regardless of horizontal compression; the only requirement is that a chart runs from
the top to the bottom 90% of your chart at the time that they are drawn and that the chart is scale-fixed moving forward.
Im sure I missed it so what are you using to draw these angles correctly without holding a protractor up to my screen?
v8power wrote:Baby steps for me and my angled line drawing journey (ascending triangle I think?), haha. I might not be able to draw angles yet, but your concept of price increases by 2 and decreases by half is always on my mind and I mentally look for it, until I get better at angles.