Since childhood we have learned to draw on lines. You connect two dots and you've got a line. It does not have magic powers, it can't stop trains bullets, or price action.

Too often I see chartists and technicians connect two dots and then assign some unearthly significance to the energy of that line. Sure, the first point of the segment is some significant swing however, the next point is about the border where there is no evidence that the market will respect that region. The chartist simply continues to draw that line until it works all of the while making poor trading decisions off of the line.

From the trading world, a line just has value if it can hold price a third or even a fourth time. After touches the line does take on a certain significance. The more times a line can hold an advance, the more powerful it becomes.

A line drawn from two simple points is that; straightforward and the individual who places importance upon that line is just as straightforward.