Like most forms of technical

analysis, trend lines are often

abused, misused, and for the

most part are not drawn with

any sort of consistency.

What they mean

How to draw them

1-2-3 reversal

Lower demand –

smaller impulse moves

Being in tune with the

swings can give you a

“heads up”

Retest of the highs

Consolidation

Complex correction

Steady trend leading to

Acceleration

Look for pullbacks after

these moves

You could be looking at

least at a temporary

top/bottom

Don't let the fear of missing

out on a trade lead you to

jump in just as the market

begins the turn.

No hard and fast

rules…..but you must be

consistent.

"Lessons From A Wall

Street Master“

Victor Sperandeo

Start at initial pivot

New highs/lows = adjust

Do not cut through price

Use the initial anchor

where price changed

trend

Each time price makes a

new high, use the

previous low to draw to

from the anchor

If the trend line starts to

cut through price, there is

a change in the rhythm of

the market and possibly a

change in trend.

Use a new anchor point

to fan the trend line

Continue to meet new

higher lows until a reversal

pattern emerges

en.wikipedia.org/wiki/Thomas_DeMark

Connecting pivot levels

that are at least a three

candle pattern

How you use this

information depends on

how it speaks to you

1-2-3 Reversals With

Trend Lines

Correction on a higher

time frame is a down trend

on a lower time frame.(opposite higher time frame downtrend)

Trend lines show rhythm

of market

A skill you can master…

but maybe never execute

Trend lines can show you

zones of opportunity

Consistent practice