The Corner Line

[Trader Question]

"The corner line is a formation that links the isolated high or low formed by the congestion entrance bar and the trend reversal bar."

Shouldn't this read :
The corner line is a formation that links the isolated high or low formed by the congestion entrance bar and the bar that creates the dotted line"

or something to that effect?

JA

[pldot]

Maybe...
Corner line is one of those details of P&L that I never much cared for.
what lesson/section/screen are you looking at? Will check.

[Trader Question]

Lesson 15, section1, page26

JA

[pldot]

LIke I say, this is one of the details I don't like and don't pay much attention to. I thought it was one of the things we could have left out of the course and not been any worse for it.

You are correct that we have a definitional problem , or definitional sloppyness (or maybe terminal brain rot) here because the trend reversal bar can't be such until three closes on the other side of the bar and the corner line is formed by the first congestion entrance bar.

[smithdevil1]

Corner line is one of those details of P&L that I never much cared for.
what lesson/section/screen are you looking at? Will check.

[willholt627]

i have a question regarding support and resistance if its ok?
im looking at the daily and 4h chart for GBPUSD. If the daily chart breaks through the weekly 1-1 high, is it possible (or realsitic) to then use the weekly 1-1 high as the daily support? if im reading it right the price is still within the weekly 1-1 high zone.

[huda khan]

I thought it was one of the things we could have left out of the course and not been any worse for it.