Trendlines 101: TLs dont make or break a trend.. they just signify a possibility of change in trajectory.. u need to look for other things / patterns etc for trend
See loads of charts on SM showing just cause a price rises abv TL they give buy calls...
A demo of what can happen
See loads of charts on SM showing just cause a price rises abv TL they give buy calls...
A demo of what can happen
In a smooth mkts maybe they can give a bump making u feel u are in right boat & then fail miserably.. so beware..
Similar case but in uptrend.. u might have seen many start calling tops when TLs break. see what happened here.. 1/2 knowledge is dangerous for your trading account..
A person trading Nikkei in 90s might have been royally taken for a ride if he traded on TL breakouts..
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