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Sorry if I missed this elsewhere, but does the colour coding has a special meaning? I understand that the thickness of the lines represent major and minor support, so the red lines are minor and the magenta and cyan line is major (correct me if I'm wrong). Does cyan always represent support and magenta resistance? And if so, is blue always the colour you use to identify the midpoint? Perhaps a short chart legend is in place. |
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The blue is support/demand and the pink is resistance/supply. The red is tentative. Dashed is even more tentative. So you figured it all out without me.
This is what I use in my book and in the other stuff I write, but it is essentially for me. I'd like to have some sort of Dr Seuss blue and pink intermittent dashed line for those lines that can't decide what they want to be when they grow up. And lines come and go and get adjusted as price sniffs around looking for trades. But that's RT trading.
