Ithaca / Trendline Breaks?
I watched remo’s video in the learning section on trendlines but have found Ithaca and was wondering?
When a trendline breaks but then the price reverses back above, does the trendline still count or do you draw a new trendline as in the video?
dl.dropbox.com/u/21384991/Ithaca%20Energy%20Plc%20%28DFB%29.png
It seemed to have an island reversal on 25/06 – 04/07. It gapped below then gapped above days later. I think therefore the trendline is still valid?
It then closed below on 23/8, then back above again by 01/11. It then respected the trendline again on the 16/11.
dl.dropbox.com/u/21384991/Ithaca%20Energ...Plc%202%28DFB%29.png
I hope i've explained it.

It’s clear to me!!!!
Many thanks in advance
Dan