Trendline Sell Signals
Trendlines are wonderful trading tools and sometimes they even work! This chapter examines up-sloping trendlines as sell signals to see how well they behave and how to use them.
I have used trendlines to outline pattern boundaries throughout this book. This chapter looks at trendlines not as pattern markers, but as selling tools. Those tools alert us to trend changes and issue exit signals. Our task is to judge how important those signals are.
Chapter 3 discussed how to draw trendlines, chart scales (log or linear), the three types of trendlines (internal, external, and curved), and guidelines for using them. Refer to ...
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