
Originally Posted by
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I see some reasoning for the Lower Red Line at it's origins but unless the Upper Red Line is simply plotted as 'Parallel' and hung around the previous High treacherous btw I see no validity to online. ie. You're currently taking Positions based One Aged Spike High.
Cool, then we can start an open minded discussion on this and, hopefully, both learn something.
OK. Notice that they are Not Brick Walls much more like hay bales and consequently Price only Respects them if it does not feel as though Fighting. Quite Important, when Trading TL to know if it Broken or is Holding. This involves considering recent guess what, Price Action to determin possible Risk Before accepting the Trade.
Notice that, Even Though the Price Seems to be following your Upper Red, it is in fact up against Flat Resistance ie. Reluctance to be Valued Higher from back at your Magnet
This would probably be more visable with no traces in the way.