Trendline - Change in Momentum and Trading Strategy
Most of the time, Breaking of a trendline causing the changing of trend or Momentum. Some time trendline break changed the stock trend to reverse the move. Some times stock price move sideways after breaking a trendline. sometime, Trend will not change even after trendline break.
Sideways Price Movement after Trendline Break
Identifying deeply "what happen to price after breaking a trendline" will help you for better trading.
Sideways Price Movement after Trendline Break
There are
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Trend line broke but still down. But the downtrend is weakening |
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