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Breaking Of A Trend Line

By Lawrence  

Part of Art of Chart Reading

Once a trend line is broken in the opposite direction, it signals the potential start of a new trend. To be able to utilize the setup, you need to know the projected target of the trend line break. Classic trend line break projection and modernize concepts do not work the same way. I will explain how both methods work below.

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Comments
  • Han777 February 26, 2015 at 10:55 pm

    Just for fun I applied your modernized trend line break projection to todays 5 min chart. How about that. It targeted to the tick the excursion of the break. http://screencast.com/t/oxINgkIgcU

  • Jeffreyvnlk November 17, 2017 at 8:25 am

    awesome

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