The ‘trick’ to drawing quality lines is to use *3* clear anchor points… then you’ve got something worth occupying the real estate of your chart...
Using a minimum of 3 anchor points, we build a quality trend line that actually matters to technical analysis. When you just use two anchor points, your level is basically ‘unclear’, or only partially constructed.
You never know if you have it marked in the correct place. Use 3 anchor points. It’s much easier, and provides a confirmed trend line in the market.
Don’t chase price, mark what you can clearly see!
GXY Price at posting:
53.0¢ Sentiment: Sell Disclosure: Not Held