same time input/15 min same box size 25 cents for spot oil change the rversal from 1 to 2 hey preesto...we can plot trend res at $99.00 area supports can be picked up/horizontal between 97 and 98.25 areas
then if we change the reversal to 3..we get a clearer picture of the price action purple horizontal is prev supp...could be res at $100 trend res at 100.50/red trendline trend supp/green at 97.50 area at this point..it is a recoil in a downtrend
dax futures for the open 60 min data trend res/red 9114 horizontal res/yellow 9093 prev breakout point/aqua 9009 trend supp 8967/green trendline horizontal supp 8925/orange at this point..it is a recoil in a downtrend
Does bullseye allow you to only draw 45% trend lines or can you also connect swing highs etc? Do you find 45% is a better indication of trend change then traditional trend lines?
hi greengreen bullseye does both trendlines..always use both..it only takes a few seconds to put them on...but it will enhance your analysis..imho
update to the chart posted this morning a classic case of a failed signal a failed triple-top and a double-bottom break ..downward whenever,we get a p/f signal..we always look for failure these failure trades always work well