Every trader has their own edge and strategy when finding the next big trade. Finding and drawing solid trend lines is something every trader must learn how to do. It gives us insight on where the market has determined a level of resistance or support will be. Once that key level is set, traders can then use these levels as the foundation for the rationale for their next market play.
The key with drawing trend lines is letting the market tell you where they are, not you just playing connect the dots. Our trade today outlines the skill of finding these price levels very well.
Be sure to check out the video below of the setup on biotech giant Illumina (ILMN), and learn how a key level can help outline your highest probability trade.
Also, if you want to join me for my weekly webinars where I take you step by step how I make all my trades, join The Profit Machine today! I look forward to trading with you all, but until then…