Appreciating a trendlineHey all,
I've seen many people overanalyze trendlines and pull lines out of their rear ends when looking at charts. Trendlines should only matter when they're obvious- this trendline is obvious. Make of this trendline what you will and play it however you see fit.
An example of how I was playing this- I was shorting MOS a few weeks ago and closed out of my shorts when it tagged the trendline; I'm not playing this name right now, but I do think this trendline will present clear opportunities in the future, and I wanted to share it for you all to see.