"Significance of Trend-line is function of its length, number of times it has been tested (touched) and the angle of ascent of descent."
my view =
but nobody tells you that you won't come to know how much is too much and after how many bluffs the so called range or trend line will break.
so this "wisdom" is un usable and is a mere witchcraft for witch hunting.
I've seen innumerable sheeps getting slaughtered in this maze.
Levels and trendlines are highly subjective.
Everyone has one unique. All those add to the uncertainty nervousness of an already shaky trader.
Stop loss concept has its roots in levels and trend lines, and hence form favourite baits of operators.
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