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that's technical analysis 101. prev resistance acting as support. of course if you're going to draw several random lines on a price chart many will line up perfectly with actual sup/res levels.
As far as the laws of mathematics refer to reality, they are not certain, and as far as they are certain, they do not refer to reality.
Occurrences in this domain are beyond the reach of exact prediction because of the variety of factors in operation, not because of any lack of order in nature.
There is no logical way to the discovery of these elemental laws. There is only the way of intuition, which is helped by a feeling for the order lying behind the appearance.
To raise new questions, new possibilities, to regard old problems from a new angle, requires creative imagination and marks real advance in science.
Look deep into nature, and then you will understand everything better.
A man should look for what is, and not for what he thinks should be.
People love chopping wood. In this activity one immediately sees results.
The only source of knowledge is experience.
The true sign of intelligence is not knowledge but imagination.
He who joyfully marches to music in rank and file has already earned my contempt. He has been given a large brain by mistake, since for him the spinal cord would suffice.
Memory is deceptive because it is colored by today's events.
The only thing that interferes with my learning is my education.
Reality is merely an illusion, albeit a very persistent one.
Economists should look for what is, and not for what they think should be.
Scientists should look for what is, and not for what they think should be.
Politicians should look for what is, and not for what they think should be.
The media should look for what is, and not for what they think should be.
Hubris is the cause - that many of the above dont.
Some specific rules based on indicators for "S" sell signal
RSI 14 falling above 70%
CCI 20 Falling above 150
MACD 12,26,9 falling above 2
On each bar I can see the count of condition, then a threshold can be set 2 out of 3. Then a signal with risk / reward.
However I don't use this tool so much. But having these count in MarketAnalyzer on different time frame give a hint in a random world. With some simple rules it can give better probability.
A similar set of rules with lines need to be in place. And not just some random lines with out rules. That gives no meaning.
I get the point with interpretation for how you can look at a line. But in that case I can put whatever on the chart and say the same thing.