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Old 27th December 2011, 22:47
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Default Strength Of Trendlines

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 off 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.

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Old 29th December 2011, 13:58
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I usually expect a complete break to enter a trade. Nevertheless, it's not unusual for a price to retrace back to below the trendline even after the breakthrough has occurred.
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