Simple TA by Wizetradr

[stockmeister]

What does the blue line represent? I guess what I'm asking is what is telling you where to draw the blue annotated lines that run horizontally on the chart?

It looks like you had drawn the first set of blue horizontal lines using the high from one day and the high from another.

I'm not sure what criteria you're using to draw the second set of blue lines.

Any explanation would be appreciated.