MARKET MIGHT BE BEARISH BUT MAKING A TRENDLINE FROM 2016 ON DAILY CHART IS LIKE LOOKING FOR A NIDDLE IN HAY STACK.
I WOULD RATHER RECOMMEND YOU THAT IF YOU WANT TO CHART A TRENDLINE FOR TWO YEARD TIME FRAME THEN DO IT ON MONTHLY.
ALSO ON MONTHLY THE TRENDLINE SUPPORT STANDS CLOSE TOO 10350.
WHEN I SEE SUCH VIDEOS I GENUINELY GET WORRIED ABOUT NEW COMMERS IN THE MARKET WHO GET SO MUCH OF WRONG INFORMATION WITH SUCH CONTENT.
dude there is a weekly for this purpose too, please refrain from Disrespecting other intentionally.
And don't use all caps it's bad for HEALTH
Let me put forward my angle.
1) I am not going to discuss a perfect trendline dilemma, here, I am talking about the angle of the trendline. (I will discuss timeframe related issue later). Whether yours is correct or mine cause we will fight for eternity and no one will win.
2)Let me discuss timeframe related issue. For this, we need to understand 'trendline break confirmation'. For the longer-term trendlines daily breakouts can give you false break and hence you can end up making multiple wrong trades(Hence people use longer timeframe to avoid this situation) but there is a concept called time confirmation where if the price is their below trendline long enough then that breakout is a valid breakout. The Same concept, I have used here.
The entire point of technical analysis is to make money. Technical analysis is ever evolving. If you can figure out your own observation which may be different from traditional technical analysis its ok( As long as you have backtested). (PS: Above explanation is a part of traditional technical analysis)
All the best for the new year bro!!!!!