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.


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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