Learning the Third Line: Why is trading using the "Line" highly effective?

“When the price crosses the line, momentum increases”

These are phenomena that occur because many people are conscious of the same line“line”.

In market movements,

there are endless phenomena, much like natural law, that influence them,

so it is impossible to predict every rise and fall,

but because it is a market created by people,

human awareness concentrates in certain areas, giving rise to “patterns”.

If you set lines based on subjective, arbitrary judgments,

those lines will not be consciously treated as resistance,

so you must draw the same lines that traders around the world are consciously looking at,

and do so in an “objective” way yourself.

A ‘Line’ is

a tool to make signals read from the chart’s price movements more visually clear,

based on Dow Theory,

and is one of the simplest yet most effective technical tools that traders around the world strongly recognize.

The basis for drawing a ‘Line’ does not change depending on the timeframe you view it on, so

even in an era where timeframes and minute-by-minute charts are standard,

trader consensus around the world tends to gather at the same point,

and you too are likely to share the same decision framework as traders worldwide.