Trend Lines One ( Tl )
A Trend Line is formed yesteryear a diagonal line, connecting at to the lowest degree ii pin points ( HH or LL ). I know in that place are many traders that depict these TL betwixt closing/opening price, but I prefer to depict them yesteryear connecting HH/LL. ( amongst only about exceptions when starting amongst ii HH/LL as well as the side yesteryear side taps are simulated BO's of the TL ). So in that place are many ways of considering an entry using TL. 1. TL's tertiary tap strategy Considering an entry yesteryear waiting only about other deport on of this TL ( besides known every bit "3rd tap"). If the candle touched the TL as well as didn't shut below, inwards our instance ( neglect to interruption ), nosotros tin opened upwards a long position on the side yesteryear side candle opened upwards area. SL would endure @ previous HL as well as TP @ previous HH, or Trailing Stop. For instruct out you lot may besides role contrary TL broken similar inwards the...