Peter Brandt: "If you can't draw at least two valid patterns on a chart, you've missed something."
OTOH, redrawing charts to make things "fit" probably isn't the best idea.
In my experience, many times when a trendline (especially a lower trendline) is broken, the price then rises to touch the trendline from the lower side, retesting the breakout area. It later decides what to do, jump back above the TL, or continue to break downwards. You can see an example in that chart on the right side just as MACD starts its big climb.
I think the answer is to determine what works for you, which I know isn't much of an answer. TK's thinking is so much shorter term and smaller scale than mine is so I hate to guess about his charts.
Users: DoubleNaughtSpy: slopechart_UBS.jpg
slopechart_UBS.jpg
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I like using trend channels (using glorious SlopeCharts of course) and I have noticed that when leaving an up trending channel in place on a chart for a while, many times the lower support line gets broken to the downside. Instead of plunging into the abyss, however, it seems more times than not that the channel just needs to be “adjusted”. I realize there is less “contact” with the lower line after adjustment, but the channel still contains the upward move and the price moves up again. I also know @TimKnight really places a lot of faith in these trend line breaks, so I am always nervous when straying from anything he does charting-wise. Has anyone else noticed this type of trend flattening move? If so, have you been able to monetize it? I also use MACD and RSI along with the channel to better time my entry and exit. So far, I have had decent results, but am always looking to improve. 3/20/18