View: slopechart_$XBD.jpg


Time to delete the turquoise channel and go with the pink now for upper resistance? The red trendline can probably go too now that it's been broken to the upside.

Image added via SlopeCharts


If either of those TLs were valid prior, why would they be removed after a breach, not to be kept as valid support? 12/26/20
Mainly because I am looking for where resistance is at someplace higher. They can be kept for future support, but 2 point trendlines I don't trust much. The upper turquoise looks more solid with 3 good bear fractal touches. As you can see from the chart, I have a habit of keeping old patterns myself :>) I would trust the horizontals more as far as old resistance becoming support, for example the red one around 310. 12/26/20