Your blue line is not a valid trendline imo as you've cut through price action. It should not extend past where it intersects price action. If we could do that on all charts, we could draw trendlines anywhere.
You may also want to consider using 3 intersection points as a minimum for trendlines, it makes them more valid.
Also, is your chart using adjusted or unadjusted data?
poh - a realistic viewpoint., page-5
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