DislikedIt's a top connecting trendline. The only use they have for me is on retest directly after the break before the takeoff.
Once price has taken off and comes back, they become insignificant to me.
Why would they be relevant for (longer term)support if they weren't a support line to begin with?
From everything I know and have seen, buying is structured about low connecting trendlines.
Find me one, on any pair, that didn't eventually break again once price came back after a longer excursion
It's one thing if these coincide with real s/r lines or other items, but as a valid trendline trade I wouldn't put much faith in it under the described setting.Ignored
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Indicators show the past. Price Action "Indicates" the future.
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Indicators show the past. Price Action "Indicates" the future.
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Indicators show the past. Price Action "Indicates" the future.
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Trust price. Know yourself.
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Indicators show the past. Price Action "Indicates" the future.