Action Reaction Trendline / Multi Pivot
Action Reaction Trendlines serve
as both support and resistance as price progresses with time.
Often they begin as up sloping
trendline turning into an
Ascending Bottom Trendline , or begin as a down sloping trendline turning
into a Descending Tops
This example started as a uptrend
line with ascending bottoms. Now it is acting as a Ascending Tops Trendline.
The trendline produces good trades
on 3/4, 3/5, 3/6 and again on 3/14 at the HOD (high of day).