DislikedUnfortunately, I dont have the foggiest as of what type is this trade. Anyway, this type of setup can occur whenever. It could perfectly be a usual swing type of trade. On the other hand, some of the trendlines could be invalid due to news or Tokio session which Hector does not trade - so I see your point.
Unfortunately, the red trendlines also have 3 touches. Would you also consider the red trendlines as valid trendlines?Ignored
DislikedThank you for your efforts. I read through it and it helped a lot. I at least know that I am not alone and there are plenty of people struggling with the art of drawing trendlines.
Anyway, any 3SMA trades this week?Ignored
here is where is detailed description about trend collapse trade: