At the end of the day the stock market is a consensus model with a spectrum between two, sometimes contradictory, metrics (sentiment and analytical). If your conclusions about a stock agree with the market then you profit. If you can guess what the market will decide before it has decided, then you profit more.
All those lines do actually mean something, so long as the market is in agreement as how to draw them.
FWIW these bots aren't doing the lines stuff, they are purely sentiment traders.
All those lines do actually mean something, so long as the market is in agreement as how to draw them.
FWIW these bots aren't doing the lines stuff, they are purely sentiment traders.