Disliked{quote} Honestly, man, if you draw enough lines you'll find some interesting things. I believe that lines like the one you drew is completely random. By the time anybody sees something like this, the effect is usually over. I wouldn't put much weight into that one line. Lines like these (chart) would have fooled me a several years ago into going long. A few years later I would've looked to fade these same lines. Now I just don't really pay attention to them. Sometimes I'll draw lines and PF's just to entertain myself, but I've moved beyond them....Ignored
Well the upper TL was touch 5 times... what more do you need?
The PA respected 5 times and on the 6th it broke upwards which is gonna happen at some point.
You could have gone short at least 3 time with tight sl above the TL.
There you go. Seemed pretty good trades to me. Of course this is just another tool in your toolbox.