Trendfans and Trendline Breaks

Trendfans and Trendline Breaks will teach you how to use a trendfan to:

See how “smooth” a trend
Draw a trendfan so you can see trendline breaks
Use trendfan points as major support and resistance levels
Use trendfan break points as major support and resistance levels
Use double trendfans to create decision points

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Category: Forex

Author: Albert Yang

Language: English

Free Download link: At the end of the post

Introduction

This is the follow-up to the first book “Trends and Trendlines”. If you have not read the first book, STOP RIGHT NOW.

This book assumes you have and that you are clear about MY version of how to draw a trendline correctly. This is paramount and if you do not know, then go ahead and buy the book “Trend and Trendlines” from http://www.priceactionforex.com and read it first. This book will NOT cover what was covered in the first book, but is dependent upon it. Throughout this book, I will use the two words “break” and “breach” interchangeably.

If you thought my first book was terse and to the point, this one is even more so! I have charts charts and more charts. When you are done, you should know how to draw a trendfan and how to identify trendline breaks.

Table of Contents- Trendfans and Trendline Breaks

High Risk Investment Warning 4
Affiliated sites, linked sites and advertisements. 7
Sharing this Document 8
Table of Contents 9
Welcome back! 10
What is a Trendfan? 11
How to Draw a Trendfan 12
Trendline Breaks 18
Trendline Break Drawing 20
Trendfans points as Support and Resistance Levels 27
Avoiding the confusion 35
Double Trendfans 40
Learning from all this.. 41
Conclusion. 43

Excerpts

At this point, you have learned how to use a trendfan to:

See how “smooth” a trend
Draw a trendfan so you can see trendline breaks
Use trendfan points as major support and resistance levels
Use trendfan break points as major support and resistance levels
Use double trendfans to create decision points

It is my hope that these will become useful tools in your trading war-chest. If you are confused, just review the examples and screenshots I have posted above. As with anything, the more you practice drawing trendlines and trendfans and trendline breaks; the easier it gets.

Trendfans points, and trendline break points create natural and usable support and resistance points. When combined, trendfans create multiple wedges/pennants/flags that become critical decision points. The more you practice with these, the better you will get at identifying critical levels of support and resistance.

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Trendfans and Trendline Breaks

Introduction

Table of Contents- Trendfans and Trendline Breaks

Excerpts

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