just sharing the way I use trendlines. can be seen in the picture, I have drawn 4 trendlines (green, blue, red and black). the green trendline is broken (see green highlighted box). The other trend has not yet broken. For more confidence you can wait until this trendline breakout, to start buying. In my opinion, the price will make SL hunter, which is to activate all SL buyers who are mostly in the SL zone. Ever heard this verse --- >> Your SL is MY ENTRY ?? I hope you understand ..
Kommentar:
price has activated all SL in the SL buyers zone..it will probably go up to break the trendline
Kommentar:
black trendline broken...now retest at lower level...
Kommentar:
if price make new lower low, black trendline is become invalid