As you can see, at point a the uptrend is broken and changed to a downtrend
And at point b, the downtrend is broken and changed to the uptrend
If the resistance line c is broken, we will see a very strong uptrend, but now the chart is in the uptrend channel.
now the trading Strategy is Buy on the channel floor and sell on the channel roof
And at point b, the downtrend is broken and changed to the uptrend
If the resistance line c is broken, we will see a very strong uptrend, but now the chart is in the uptrend channel.
now the trading Strategy is Buy on the channel floor and sell on the channel roof