josi wrote: Sat Jul 24, 2021 6:26 pm I do agree with you (as well as with Meyney).
I think it is simply sad that - as far as I know - nobody has ever produced a reliable trendline indicator that shows the main trend move without cluttering everything else.

but realize there is no perfect manual trendline because price will change in the move, so therefore also no reliable tl indi. But just as I said in post 1; be selective; you have to know WHERE to use trendlines (I use them for the pullbacks with SD's etc.) Your chart is a perfect example! Just zero indi's, notice where is the action=impulse, where is stall=correction (take position on tl break). My template: the MA's will act as 'trendline' for 'direction' but keep spotting the fast,fierce moves contra the slow correction/pullback. In fact you do not need MA's or indicators (some keylevels etc. will help). So conclusion about your trendline from bottom to top: I will never short this trendline break on this chart because price action is making solid moves upwards and mini moves down(pullbacks), when we see a solid fast big move/ impulse down, followed by stall/chop/sideways and trendline break+decent move down, yes then it is time to act and wait for a proper entry at the retrace/trendline break in the new direction. This is what I tried to say from the beginning: trade the pullback lol hope this helps. best M.