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http://markettechlab.com/blog/calculating-broken-trendline-pri...
This can be done for any length of trend, but will be more effective for longer-term trends. This can be a useful technique to
determine where to exit positions in the direction of the broken trend, or when to become alerted to re-entry below/above the
price target.
Note: This information is covered in Martin Prings book, Technical Analysis Explained.
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12/4/2016 7:49 PM
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http://markettechlab.com/blog/calculating-broken-trendline-pri...
12/4/2016 7:49 PM