I'm wondering how people identify true trendline breaks - assuming the trendline is drawn correctly, touching minimum 2 - 3 points, what do we look for in order to pick the correct breakout ?
Wait for a false breakout first ? How many ?
What if it just starts moving sideways, consolidating, do you simply wait for the breakout of that new consolidation phase ?
What are your ideas on this ?
Wait for a false breakout first ? How many ?
What if it just starts moving sideways, consolidating, do you simply wait for the breakout of that new consolidation phase ?
What are your ideas on this ?
