When a line is broken, the market often can come back and re-test it as a new support or resistance level.
An example of one which once held as resistance is then respected as new support as the market pulls back down, and re-tests it.
What I’ve shown so far is the basic functions, but we can do a lot more with them. In the rest of the article,
we will walk you through other trend line events such as…
Counter-trend breaks (flags)
Example of reversal signals at linear structures
Consolidation structures created (good and bad)
if you want to learn how to trade the market using my price action trading strategies,
i highly recommend purchase my ebook (the candlestick trading bible). if you are interested,check it out in my bio, or send me a private message