Trend lines don't lie. Indicators are great but who needs them. Throw your downward trend line down, add your upward trend line, find multiple support and resistance areas and wait for price to cross.
If price crosses a support/resistance line AND a Trend line, then that's double confirmation to buy or sell in the direction the price is moving. I mean it cant get any simpler than that.
Is my strategy the best: HELL NO
Will it make you money if you know how to draw lines: HELL YES
By no means is this a 100% full proof strategy but do some testing for yourself and you'll see the power of this method.
If price crosses a support/resistance line AND a Trend line, then that's double confirmation to buy or sell in the direction the price is moving. I mean it cant get any simpler than that.
Is my strategy the best: HELL NO
Will it make you money if you know how to draw lines: HELL YES
By no means is this a 100% full proof strategy but do some testing for yourself and you'll see the power of this method.
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