@sipaonyedi The lines on the chart referenced all start from one point and span 4 months in this instance, what are the chances that they would have statistical relevance if drawn randomly from a point? While there are quite a few of them I use a chart period that gives me a macro point of view purposely to account for the noise, and while the noise isn't completely eliminated the overall boundaries of the implied moves can, I believe, be predicted with some statistical significance... I have found that its hard to ignore how often that trend lines drawn in the manner I draw them become relevant in the future...
@knoxwino here i draw lines with 20 pts in between (try 25-30 if you want, or 50) do you see much difference between your chart? There are enough number of points that "predicts" the turn.
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