MightyOne wrote: As TRO said, why it is and what it is ("something") does not matter.
What do you SEE and how are you going to trade it?
I see in triangles and from the lines of triangles I can build: cones, pennants, channels, flags, H&S, 1-2-3, medians, etc, etc.
Anything in motion has an angle, therefore congestion is never flat/horizontal, that is what I see.
Congestion is a sort of "non-movement" so if it is traveling at an angle then it is traveling at a slow one; I submit to you that it is about 15 degrees.
Drawing on a chart is a lesson in art class, it pulls what is in your head onto a canvas so that you can see it.
Of course another persons painting is going to confuse you as it is a reflection of his mind, not yours, but if you pick up a brush then you can create a picture that you can understand.
Personally, I use horizontal lines and 15 degree angles for everything.
I use angles as "overbought/oversold" indicators and in the same way as horizontal lines; if price re-enters a cone then it will usually
continue in the same direction.
If you SEE something different then do something different.
This thread is THE IDEAS THAT I TRADE BY, it is nothing more than a sharing of my thoughts.