This is a very similar trend line breakout than my past idea, and the reason I publish this kind of example again is because they are a very reliable patterns this does not happen every 15 minutes the trend line was honored for more 2 years and 5 months an now 6 weeks ago exactly the trend bearish line was broken by a big weekly candlestick and is easy to appreciate more weekly candles above the price and now the price is making a pullback and testing the past resistance. The reason I use weekly charts is for avoid false breakouts. This no guarantee of the future but it is helpful for reduce the risk and improve the timing of entry
The other important aspect here is the past support line in the 20.00 area this idea is for trading purposes, a swing trade, the management of the trade is not my job the position sizing and stop loss is the job of the manager.
Patience, humility and weekly charts :(
The other important aspect here is the past support line in the 20.00 area this idea is for trading purposes, a swing trade, the management of the trade is not my job the position sizing and stop loss is the job of the manager.
Patience, humility and weekly charts :(