Actually it is not always the case. It can break upper trend line with many traders taking long side, then it can drop back under the trend line and fall and break lower trend line and continue down.
It happens a lot. I do not say long side should not be taken, i would, but that there should be various plans. a,b,c and so forth and the most important less thinking and more executing the plan. stops should be respected and winners let run.
It happens a lot. I do not say long side should not be taken, i would, but that there should be various plans. a,b,c and so forth and the most important less thinking and more executing the plan. stops should be respected and winners let run.
DislikedLittle upgrade of previous chart this include also probabiltity of downside
breakout.
Break of one of blue lines should give direction.
X=Y
I am not take trade on that is only for direction outlook purposesIgnored