Lines are made with news. Not lines.
'Lines' are made also when stops and limits are hit and when a lot of people default. these lines are most common and necessary because of the distribution of wealth and information.
It was hilarious to watch the gold manipulation in 2012-2013 when some of the NFPs came out very negative yet gold fell sharply after a tiny spike up. There were a lot of stops hit back then. sentiment used to be 80% bullish on gold. now its 59%.
its all science in the end. TA is not a joke, however ambiguous it may be.
