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Posted

Hi,

 

Can a pro who has been using trendline’s tell me of their experience when usually they are broken or when best to buy or sell of a bounce or when they break? After trading for 1 year I find it breaks usually on the 4th or 5th bounce more on the 5th bounce break and the odd occasion 3rd while the 2nd bounce is the strongest.

 

Thanks.

Posted
2nd bounce is always the strongest. 3rd 4th and even 5th are usually getting weaker and very prone to breaking. hence if i miss the 3rd i will never rely on the 4th or thereafter anymore because there is no more strength in the resstence.

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