2021-08-18-price-action-b-1

So when it comes to trading programs they draw these trendlines programmatically (algo lines). There is a good chance that if we poke thru it will attract sellers (that is what I would use as a trigger). often that breakdown triggers sell stops as well. The key is to watch what happens after that. If the market bounces right away it was a head fake. Given that 1OP is far into bear cycle that is what I would expect. If the breakdown has follow thru on the next bar it is legit