Do Trendlines work?

Looks like a PV Div and price is stalling at the supply side of the channel. Expect a traverse to the demand side of the channel.


<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=756202>

 

Traverse to demand side and VDU


<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=756239>

 

Channel has gone flat. Sideline may be indicated here with reentry on Channel Breakout with VBO.


<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=756262>

 

YM 5m

 

Flatlined and VDU. Sideline and wait for breakout with VBO indicated imho.




<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=756323>

 

Let's see what plays out.

See chart

 

Very simple. If you could explain, you won't need trendlines any longer.

 

This is about the right time of day to start watching for the PM breakout.



<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=756384>

 

that is all so cool and right on

 

What about the channel breakdown at 13:15(bar 46)? Did either of you take it and if so what was your exit please?