Lets now take the Trading Brahmaastra to level III,
The brave hearts can and should wait till the base line (in case of up-move) or the top line (in case of down-move) turns horizontal.
There is almost always a bounce once the horizontal level is achieved.
And thereafter, the price starts moving in its original direction.
From here onwards, the price is in the "bluff" zone.
The cream of the profit is in this bluff. This bluff too obeys the topline-bottomline "wait till horizontal" principal.
Book profits and exit (rather take reverse position) when the top/bottom line turns horizontal in the bluff zone!
If in rare case, the top/bottom line overshoots the horizontal, it is almost always a case where an outer topline or base line exists and takes over if it hasn't hit horizontal as yet.
If, however, you feel there is no possibility of an outer base/top line, don't wait to square off before horizontal is achieved!
I have never seen a stock violate this till there is a World War like scenario!
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