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Trendline shift Traded Pattern

Another classic break and retest pattern is the trendline shift. It’s basically the same pattern as the sideways break and retest but this time around a trendline.

The screenshot shows a classic example where price moved all the way back into the origin of the initial breakout. It even stayed there for a good amount of time and continuously pushed into the level, squeezing and shaking out all the weak hands or break-even stops.

Shaz

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