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Re: TheBioTrader post# 19898

Sunday, 12/19/2010 11:57:38 PM

Sunday, December 19, 2010 11:57:38 PM

Post# of 47297
I'm stuck on this, I don't know. One thing that bothered me was on the ascending blue trendline there are only 2 candlebody touches. Doesn't that violate the rule of 3? Maybe I'm being too strict in my interpretation. I think you might be right about continually drawing new trendlines until they no longer represent an ascending triangle, but then again we need candle body touches, right?

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