TD line and projection
Here you can see how to use Tom Demark trendline (that connnects peaks / thorough of more or less equal height / value) and projections.
Best of breakout occur with gaps. Prebreakout candle has to close close to the trendline and make a minor pullback before the break occurs.
If breakout candle has long rejection shadow - it will not work.
Projection are drawn from the lowest closing price to the TD line and then projected from breakout point.
You can also see how to use missed pivots that mark new trends (buy upon pullback to the next pivot) - after Rob Booker.
Best of breakout occur with gaps. Prebreakout candle has to close close to the trendline and make a minor pullback before the break occurs.
If breakout candle has long rejection shadow - it will not work.
Projection are drawn from the lowest closing price to the TD line and then projected from breakout point.
You can also see how to use missed pivots that mark new trends (buy upon pullback to the next pivot) - after Rob Booker.
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