Here is an ideal of what am looking at on NASDAQ D1.
.MARKET OVERALL STRUCTURE - Downtrend
.TRENDLINE - market as been creating lower lows each times it gets close to the resisting trendline, we are likely to see the market create a lower low at as it approaches the trendline.
. PRINCIPLES OF TRENDLINES
1. It is not an uptrend unless the market breaks above the trendline, as long as the market is below the resisting trendline we are in a DOWNTREND.
.MARKET OVERALL STRUCTURE - Downtrend
.TRENDLINE - market as been creating lower lows each times it gets close to the resisting trendline, we are likely to see the market create a lower low at as it approaches the trendline.
. PRINCIPLES OF TRENDLINES
1. It is not an uptrend unless the market breaks above the trendline, as long as the market is below the resisting trendline we are in a DOWNTREND.
