Today we continue with the fundamentals of trading series and specifically dive into what makes a trendline or support/resistance significant. We also take a look at Crude Oil (CL) futures and talk about the ascending channel on the 120min price chart.

Recent Related Articles

Amid a Bullish Yet Choppy Market, Here’s What Investors Should Do Now

by DrewDay | November 26, 2025 | articles | 0 Comments

Artificial intelligence (AI) favorites are volatile, the Fed is indecisive, the data is messy, and...

How Our Traders Learned to Stop Worrying and Love the Volatility

by DrewDay | November 14, 2025 | articles | 0 Comments

Wild price swings are terrifying for most investors. For us, they’re just profit in motion. Read...

As the Rally Pushes Its Luck, the Smart Money Seeks “Defensive Growth”

by DrewDay | November 12, 2025 | articles | 0 Comments

Stocks continue to rise even as valuations look more like helium balloons than bargains. A market...

Friday Outlook: Next Week’s Setup—and a Tax Trick for Portfolio Laggards

by DrewDay | November 7, 2025 | articles | 0 Comments

The year’s biggest stock disappointments may yet provide a bonus, if only as deductions. Read on,...

How to Beat the Casino Economy (Without Losing Your Shirt)

by DrewDay | November 5, 2025 | articles | 0 Comments

The stock market resembles a rigged game right now—AI mania, inflated valuations, and overhyped...

Friday Outlook: The Fed, Not the Trade Truce, Calls the Shots

by DrewDay | October 31, 2025 | articles | 0 Comments

Trump and Xi’s “deal” this week generated headlines, not harmony. Despite another fragile...

The Bull Turns Three and Refuses to Act Its Age

by DrewDay | October 29, 2025 | articles | 0 Comments

Stocks keep climbing, despite mounting worries. Ironically, it’s those very concerns, such as...

Friday Outlook: The Economy Makes No Sense — But Smart Investors Can Still Win

by DrewDay | October 24, 2025 | articles | 0 Comments

The U.S. economy may be sending mixed signals, but that’s no reason to stay on the sidelines....

Exploring the Future of Options Trading with AI

by DrewDay | September 11, 2023 | articles | 0 Comments

Exploring the Future of Options Trading with AI Exploring the Future of Options Trading with AI...

Decoding Trading Systems and Indicators

by DrewDay | September 8, 2023 | articles | 0 Comments

Decoding Trading Systems and Indicators Decoding Trading Systems and Indicators Trading systems...

Fundamentals of Trading – Significant Trendlines