TradingView
DrDovetail
Aug 3, 2019 6:41 PM

amazing to me how breakout target lines become valid trendlines Long

Bitcoin / United States DollarCoinbase

Description

look at the ascending dotted blue measured move line coming from the point of the falling wedge breakout.....notice how every candle after the breakout has been respecting it as some sort of magnetic resistance perfectly. TA amazes me sometimes and for even the breakout target/measured move line can become a valid trendline if you know how to take your measured moves properly not just by their height but also their correct angle.
More