here we have a perfect rejection/confirmation of the downtrend on a logarithmic scale (top), and a breakout to the upside of the trendline on a linear scale.
this is more of a question than an idea. haven't found anything on this so i figured i'd throw it out there on TV. the question is: which is more reliable for determining a breakout vs fakeout? i generally do everything on a logarithmic scale, because frankly, i don't care about the actual value of a price. i simply care about the relationship between that value at one point in time versus another. but as usual, markets don't care what i think.
are there studies/statistics out there on the probability of a breakout vs fakeout on linear vs logarithmic scales?
I am reading so much about this line and that the Downtrend is finally over, no it's not, or it's just not clear enough. If we take a look at the Dez 2017 2018 Jan Crash, then we see the downtrend line as well but it was "broken" at one time for a couple of days/week but continued to go down after and went under it...we just need a clearer sign of the uptrend before we celebrate
esorlegin
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One thing I have learned ‐ information overload can make TA very difficult.
Whilst I fascinated by correlations and links between movement forces and price, I stick with a minimal number of tools to arrive at conclusions.
BTW the 9 d TD count for later summer into autumn 2019 is interesting - after 9 negative days the pricewas manipulated which resulted in a 50 % drop after major fall.