Nasdaq 100 IndexShort
The difference between trendlines on daily lows vs closing
Here you can see that drawing trendlines on a daily low plotted into the future can make a 5 to 10% difference in only a matter of months on your predictions. Always use the daily/weekly close price, because where the market closes is important. We have a nice rebound today but unfortunately, it is dying out into the close. Don't be fooled by the algo's, short-term rebounds have been cashed in for the day, but who is holding overnight? Not many.
Barry D. Moore CFTe Financial Technician
12 Proven Winning Chart Patterns
liberatedstocktrader.com/chart-patterns-reliable-profitable/
MOSES Beat The Market with TradingView:
liberatedstocktrader.com/moses
12 Proven Winning Chart Patterns
liberatedstocktrader.com/chart-patterns-reliable-profitable/
MOSES Beat The Market with TradingView:
liberatedstocktrader.com/moses
Disclaimer
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.
Barry D. Moore CFTe Financial Technician
12 Proven Winning Chart Patterns
liberatedstocktrader.com/chart-patterns-reliable-profitable/
MOSES Beat The Market with TradingView:
liberatedstocktrader.com/moses
12 Proven Winning Chart Patterns
liberatedstocktrader.com/chart-patterns-reliable-profitable/
MOSES Beat The Market with TradingView:
liberatedstocktrader.com/moses
Disclaimer
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.