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RE: The Technical Analysis Glossary of Terms
Maybe a little too in depth for this type of post, but I would be interested in the triangles if and when you use the body or the wick of the candle to draw the lines.
One thing I've never really understood is if there is a rule of thumb for which to use when or is it mostly personal preference?
The thing about technical analysis is it is just as much a science as it is an art. To answer your question, I would say both.
Sometime if have a good high or low to start a trendline off of then I will use it, otherwise I try to draw of the main point of each top of bottom with the line hitting some wicks and some closing prices along the way.
You can sort of see what I am talking about in the descending triangle example above.
This holds true with support and resistance lines as well. It's not the exact price where the line is but the area of it we expect price to have something happen.
If you are free at 4pm EDT time on Tuesday's I do the scaredycat investor show on MSPWaves and do a crypto charting segment each show.