News Focus
News Focus
Replies to #19898 on lowtrade
icon url

phrantic

12/19/10 11:57 PM

#19900 RE: TheBioTrader #19898

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 I think you might be right about continually drawing new trendlines until they no longer represent an ascending triangle, but then again we need candle body touches, right?