Not sure why this particular line is controlling the market... but it is a significant line in recent price action... almost seems to repeat the price action if you look closely at bottom half of line and top half of line. Are we really trying to pattern human psychology or have the computers taken over? Do that many people trade only trend lines? This stuff fascinates me.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.