How to use Trendlines effectively
🧵
1⃣ Tip to draw a correct trendline
2⃣ Using angles to understand momentum structure
3⃣ Break retest strategy
4⃣ Trendline bounce strategy
5⃣ Bump and run pattern
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@bhatiamanu
🧵
1⃣ Tip to draw a correct trendline
2⃣ Using angles to understand momentum structure
3⃣ Break retest strategy
4⃣ Trendline bounce strategy
5⃣ Bump and run pattern
Bookmark the tweet for future reference
🐦retween to share
@bhatiamanu
1⃣ Tip to draw a trendline
🟢Use at least 3 points to confirm a trendline
🟢Use a line chart to reduce the noise
🟢Never cut through bodies
🟢Use at least 3 points to confirm a trendline
🟢Use a line chart to reduce the noise
🟢Never cut through bodies
2⃣ Using angles to gauge momentum
🟢An angle less than 20 is low momentum-no trade
🟢20 to 30 medium momentum-debit spread
🟢30 to 45 high momentum-naked option buying
🟢greater than 45 is overextend-look for shorting
🟢An angle less than 20 is low momentum-no trade
🟢20 to 30 medium momentum-debit spread
🟢30 to 45 high momentum-naked option buying
🟢greater than 45 is overextend-look for shorting
3⃣Break re-test strategy
🟢Look for the breakdown of the trendline
🟢Price comes near the trendline to retest
🟢Build a 50% buying/selling position at retest
🟢Add the remaining 50% on the breakout of swing high/low
@adigitalblogger @AdityaTodmal @niki_poojary @VijaySThakare
🟢Look for the breakdown of the trendline
🟢Price comes near the trendline to retest
🟢Build a 50% buying/selling position at retest
🟢Add the remaining 50% on the breakout of swing high/low
@adigitalblogger @AdityaTodmal @niki_poojary @VijaySThakare
4⃣Trendline bounce strategy
🟢Look for a valid Trendline
🟢Look for multiple small bounces
🟢Enter on the swing high breakout candle
@krunalparab_ @kaushaldarshan_ @KommawarSwapnil
🟢Look for a valid Trendline
🟢Look for multiple small bounces
🟢Enter on the swing high breakout candle
@krunalparab_ @kaushaldarshan_ @KommawarSwapnil
5⃣Bump and Run pattern of trendline
🟢Look for a valid trendline
🟢Price overextends from trendline and falls back near the trendline
🟢2nd overextension happens but not able to sustain new high
This should catch your attention to look for a bearish opportunity
@kuttrapali26
🟢Look for a valid trendline
🟢Price overextends from trendline and falls back near the trendline
🟢2nd overextension happens but not able to sustain new high
This should catch your attention to look for a bearish opportunity
@kuttrapali26
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