Reply To: Practical Exercise 3


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#1330
Rich FittonRich Fitton
Keymaster

Hi Ronald,

Your trendlines are perfect πŸ™‚ In real-time all you really need to do is make a start from the recent high or low point and start connecting together the subsequent high/low swings. You’ll find the lines look after themselves… what starts out as a countertrend line can become the major trend, the major trend might accelerate steeper, or it might turn into a real long-term epic with adjustments made to accomodate the new breakouts in price along the way.