the.com/trendline
the line you draw to convince yourself the chaos has a direction.
means a straight line connecting price highs or lows on a chart, used to visualize the general direction of a trend and guess where it might break.
from emerged from early 20th-century technical analysis, formalized by charles dow's theories on market movement, long before software could draw the line for you with a mouse click and false confidence.
subjectivity problemtwo analysts draw two totally different lines
self-fulfilling twistenough believers can make the line real
break signala broken trendline often triggers automatic sell orders
for instance
bitcoin 2021 support — traders watched one trendline from march to may before the crash
dow theory charts — charles dow used trendlines in the 1900s to define bull markets
tradingview drawings — millions of users sketch trendlines daily on free charting software