"IntelliTraders" 
Trendline Buy Setup

Login to reply
No replies
MagicMan's picture
Offline
Joined: 2010-04-15
Posts: 448
Points: 1270

After points 2 and 3 show up, you can draw a parallel trendline starting at point 1 and extending right. This sets up a buy opportunity at the arrow with high potential and low risk.

birdman's Chart
(CLICK CHART TO EXPAND)