Hey 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.
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.