Calling the turn when trading any financial market is a notoriously difficult thing to achieve with any given consistency. There are thousands of different technical analysis tools and techniques that try to give you this edge. One of the best and most simple I’ve come across is the 3 Line Break chart.
What is a 3 Line Break?
The 3 line break is a very useful Japanese style chart configuration that takes out a lot of the guess work from calculating turning points in a chart. It works across all assets and most time frames. 3 Line Break charts like its cousins the Renko chart and Point and Figure chart, ignores time and only updates when prices move by a certain criteria. [Read more…]