The 5 Trend Line Rule
According to Martin Armstrong, looking at a lot of major bear & bull markets, one curious rule has emerged and its called The 5 Trend Line Rule. There appears to be a total of 5 false breakouts in a major bear or bull market before breaking out, the 6th breakout seems to be the charm. How do we qualify a real breakout from just another false move? This seems to be easily distinguished when the 6th rally/fall finally exceeds the high/low of the 5th false break out (on a closing basis).
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