Also, I know most of these trend lines are 3 or 4 touches. But after the 3rd touch, the chances of a 4th touch/rejection go down drastically so it's imperative that you draw trend line with just 2 touches (more lines but will pay off).
Also, I know most of these trend lines are 3 or 4 touches. But after the 3rd touch, the chances of a 4th touch/rejection go down drastically so it's imperative that you draw trend line with just 2 touches (more lines but will pay off).