1. This trend line AB was the initial trend line. 2. In the pullback… — Ak learn Candlesticks Charts & Patterns — TG.ME

1. This trend line AB was the initial trend line. 2. In the pullback before this new trend high, price pushed below the trend line AB. (Note the effectiveness of trend line AB as a support level.) 3. The adjusted trend line AC contained all price action. Hence, it was shallower. There’s a point worth clarifying in the drawing of trend line AB. It will help to drive home the trend line adjustment we are talking about here. the first half is enlarged.