After analyzing a numerous significant bear and bull markets, a peculiar principle has surfaced, dubbed the 5 Trend Lines Rule. It suggests that within a major bear or bull market, there are typically five false breakouts before the sixth breakout proves significant.
Parameters
- Trend Line #1 Color: Magenta
- Trend Line #2 Color: Magenta
- Trend Line #3 Color: Magenta
- Trend Line #4 Color: Magenta
- Trend Line #5 Color: Magenta
- #1 Color: Yellow
- #2 Color: Yellow
- #3 Color: Yellow
- #4 Color: Yellow
- #5 Color: Yellow
- Up Symbol Code: 233
- Down Symbol Code: 234
- Push Notification: True/False
- Email Message: True/False
- Pop-Up Alert: True/False
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