/biz/ - Business & Finance

>>4957243
I was getting this ready for an example in addition to the last one (>>4957090), but I think it kind of answers this question too. I would need to go into a little more detail to really explain it, and I will soon if you have time to stay up for it.

I hate that the dates overlap in this, but this is how you buy this. You do the 1 day candle chart posted earlier, then you switch to two hour candles (doesn't really have to be 2h, but for this chart, I would have chosen it.), draw the downtrend(s). In this case, you have a recent-major and recent-minor. When it broke the lesser of the two and alerted me, I would have checked it out. When it broke the major downtrend, I would have bought on the blue line. The line is just there to show you where the second candle that closed above the trend is. That line is not based on anything other than that, and it would not have been on the chart until after I bought in.