Hi Wayne,
Thanks much !!
I thought I had gotten back to you on this ....
I Like what you did and tried to duplicate it with my charts, came out OK but can't draw "arrows" like that. The arrows come in handy.
I will have to experiment with this approach "in real time" and see how I do ???
I assume you would be going short at or just after the red arrows. Looking at the chart, I would likely close out at or before the blue arrows.
The breakdowns of the "short term trend lines" seem pretty "reliable", but you sure don't have much time.
How soon after the "breakdown" would you short. ??? I would probably wait for at least the second bar ??
Not sure "where/how" the "longer term" down trend line came into play, unless it just served as a "last ditch" stop point ??
- Also, it is really not clear when this line was drawn ?? Looks to be the high bar at 10:26, or 10:27 ??
Thanks, Lee