In my view a sort of trend-line (like seen many times before in the bear market) is seen meeting the
. Eventually the price will end up on either side of the formed "V".
Is this called something special, is this a reliable indication of any kind?
Also - is it correct to draw a trendline in the way I have done?
Does it mean anything if a "bearish" trendline is broken like I have drawed, or anything like it?
Last but not least; I am using GANN-levels. Green/yellow highlight under the candles is called
"trend-based-fib-exstencion". It is drawn from the starting point of a trend to the
first real area showing the trend (might) have turned. It is done to find a buying-zone.
I wonder if anybody has any experience regarding this way of trading?
Would be very happy to get any feedback regarding my thoughts. Really want to gain as much knowledge as possible.
Best of luck!