To avoid fakeouts, a trendline break should be confirmed by a (e.g., price closing below the last relative low in an uptrend). Execution & Risk Management
If you have been trading for more than a week, you have probably drawn a trendline. You connected two or three swing lows, watched the price bounce off it, entered a trade, and... got stopped out. trendline trading strategy secrets revealed 21 full
Most trendlines go from left to right (top-left to bottom-right or vice versa). Secret #21: The goes from bottom-left to top-right for a short setup. To avoid fakeouts, a trendline break should be
: Use trendlines on intraday charts, such as 1-hour and 4-hour charts. To avoid fakeouts