Trendlines and Spacing - Learnings
1. T# and A# are the entry points for two different up trends.
2. Trendlines widely spaced touches are marked in green color with the entry point numbered in T# and A#.
3. Trendlines with narrow spaced touches are marked in pink color (Considering staying in the trend, these lines may be wrong).
4. A trader entered @ say, T1 (Around 203 in Jan-2016) can still hold as on today (Aug-2018) as the widely spaced touches T1, T2 are still in trend.
5. Similarly, a trader entered @ say A1 (Mar-2016) could have booked profits @ A5 (around 653, May-2018).
1. T# and A# are the entry points for two different up trends.
2. Trendlines widely spaced touches are marked in green color with the entry point numbered in T# and A#.
3. Trendlines with narrow spaced touches are marked in pink color (Considering staying in the trend, these lines may be wrong).
4. A trader entered @ say, T1 (Around 203 in Jan-2016) can still hold as on today (Aug-2018) as the widely spaced touches T1, T2 are still in trend.
5. Similarly, a trader entered @ say A1 (Mar-2016) could have booked profits @ A5 (around 653, May-2018).