Obviously you want to buy the lower trendline and sell the topline, but the market never makes trading is never easy....
1. It could just keep tracking the top line and you get no opp to buy the bottom line
2. It could break either one, so set your stop appropriately on the down side.
3. No target price - who knows where it will go but follow the trendline until it breaks
4. Once the trendline breaks, theory is null and void.
1. It could just keep tracking the top line and you get no opp to buy the bottom line
2. It could break either one, so set your stop appropriately on the down side.
3. No target price - who knows where it will go but follow the trendline until it breaks
4. Once the trendline breaks, theory is null and void.
