How to Draw Legitimate Trendlines
Hey Guys!
Just wanted to post a quick lesson on "How to Draw Legitimate Trendlines".
In this lesson, I explain the 3 rules that must be applied for a trendline to be legitimate.
1.) Trendline's attachment points must be on the wicks of a candle. Not the body of a candles.
2.) There must be at least 3 contact points on a trendline for it to become legitimate.
3.) There must be no break outs or surpasses of the trendline.
Moreover, I demonstrate these with examples.
That's it! I hope this helped!
Have a great day!
Ken
Just wanted to post a quick lesson on "How to Draw Legitimate Trendlines".
In this lesson, I explain the 3 rules that must be applied for a trendline to be legitimate.
1.) Trendline's attachment points must be on the wicks of a candle. Not the body of a candles.
2.) There must be at least 3 contact points on a trendline for it to become legitimate.
3.) There must be no break outs or surpasses of the trendline.
Moreover, I demonstrate these with examples.
That's it! I hope this helped!
Have a great day!
Ken
Forex Trader/Forex Trading Education/Weekly Forex Forecasts and Midweek Forex Analysis