I agree with Cesar, I never based my trading on trendlines because they are very unreliable
Look at that chart, it indicates a break out but really cable could drop now back on the channel signaling a false breakout and then breaking up again... or it could go straight up leaving no room for guys waiting to buy on retraction... the odds aren't really strong on trendlines so I just don't pay much attention to them
Look at that chart, it indicates a break out but really cable could drop now back on the channel signaling a false breakout and then breaking up again... or it could go straight up leaving no room for guys waiting to buy on retraction... the odds aren't really strong on trendlines so I just don't pay much attention to them