Now back to my title. A lot of traders will tell you, hitting the trendline only strengthens it. Now I do not believe that, If you go to a wall and continue to hit it what's going to happen? It'll break. So this whole story of it'll get stronger is rubbish. Time and time again more than likely after the 3rd touch of the TL you will probably see a break. In the instance this doesn't happen no problem you accept the loss and move on. I'd say 85% of the time you will see a break though which is the edge we have on the market.
So looking at our chart this is what we can expect.
If you need help or want to ask any questions, drop me a message let's see if we can give you hand :)
Tomorrow morning and she will
Be away, 🤞
The fib ratios line up excellent as does the D point however I expected a drop much sooner, only time will tel my friend