DRAWING UPTREND LINES
In drawing any uptrend line, you will draw a straight line, connecting all
your visible levels of support without penetrating the bodies or wicks of the
candles (see Figure 6-6). I have found that drawing the uptrend lines across
the wick lows is more accurate than drawing them across the lows of the
candle bodies and allows the trader to project the exact place of the future
bounce (see Figure 6-6).
There is something magical that takes place when the market hits a
trend line. Most traders call it a phenomenon. You will appreciate this phenomenon when it is explained in Chapter 8.
The market is like a large, never-ending river filled with violent rapids
as well as slow-moving, calm waters. The market goes where it wants,
when it wants, and yet it is governed by a set of natural laws, just like a river