Hillbilie blue
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$XRP Trend lines: Broken Andrews Pitchfork !
Although, the correct way to draw one, is taking 3 points in a major rise or fall, there is always a breathing point (the mid line) and extending three lines down / up with the trend .
This technical indicator gives insight to support and resistance points until one breaks.
In the chart, I have chosen to draw all HH> HL > LH >LL. Which isn't an exact pitchfork , because I don't want to overwrite my previous trend lines. !!
H=High
L=Low
Added a missing (bottom blue .....) from 12/02(December !)
Graphically easy to see and understand , will add more charts later..
Happy New Year to one and all.
Although, the correct way to draw one, is taking 3 points in a major rise or fall, there is always a breathing point (the mid line) and extending three lines down / up with the trend .
This technical indicator gives insight to support and resistance points until one breaks.
In the chart, I have chosen to draw all HH> HL > LH >LL. Which isn't an exact pitchfork , because I don't want to overwrite my previous trend lines. !!
H=High
L=Low
Added a missing (bottom blue .....) from 12/02(December !)
Graphically easy to see and understand , will add more charts later..
Happy New Year to one and all.
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