Sunday, April 10, 2016

What is a valid trend line?


We can draw a trend line just connecting two points in a chart but a valid trend line must
Have three points. Remember that drawing a trend line is not science so every trader draw it different way By drawing a trend line you could easily identify our entry point, if you are a conservative player you should enter after the third touch, but in the pic:1  shows that third time price broke the trend line which made it invalid for  trade bounce.




2 comments:

Deba Sheesh said...

Thank you for your great post. It's really very informative and really helpful. Please Keep posting. Thanks again.
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