lowtrade

[PlanTrader]

Wait a cotton pickin' minute here! LOL So you're saying the line is correct because you're using the closing price on the candle? That's almost the same thing as a red candle (down from the open). But you never draw lines to the closing price of a red candle... so why draw them to the closing price of a black candle?

Is your reasoning because it still closed higher than previous day, so you like to use the closing price when drawing trendlines where black candles are concerned? I've never seen you make that distinction before. I musta missed it.

But still, if the pressure was down that day after the market opened, why not use the top of the candle body (opening price) same as we would with a normal red candle? Red candles, the top of the candle body is the open and the close is the bottom of the candle body... same as with black candles. But you always use the TOP of the red candle bodies when you draw your trendlines... so what's the difference?

Others might be able to learn something new on this point, which is why I'm belaboring it now (since I also never heard that reasoning from you before). It doesn't occur very often, probably one of the few opptys to ask this question or see an example where it will dramatically change the trendline we draw.