Trend line trading

look at the picture below

It is 1h chart 

here trend line drawn 
It is down trend.
But the price is going on

we have drawn another trendline on the high of previous trend line.
This line is also broken.

is the trend up????

Wait jut few moment ,,, 
we have drawn fibbonacci angle. the price is respecting fibbos angle and Bullish candle formation occured .

Ohh.. It is down trend on correction/retracement. Stochastic is also overbought. So put sell order with STop loss.

So trend channel can also be faked out..

In short For trend line trading

• Draw trend line
• Draw another line parralel
• draw the fibbos angle
• Add stochastic to see oversold/overbought 
• also see candle formation