Introduction to Trendlines

Introduction to TrendLines

One of the most important concepts in technical analysis is the concept of the trend. I am pretty sure...

Now that we understand the concept of the trend let’s learn how to draw trendlines on our price chart...

Of course, nothing is written in stone, and constant monitoring and adjustment are required...

Naturally, many traders will ask: “What is considered a valid penetration of a trendline?”

A common dilemma that many traders face, especially beginners, is which price is more important to use when drawing a trendline?

This type of trendline passes through the price action and more specifically touching as many tops and bottoms.

When prices violate an up trendline, they will usually decline before bouncing up to test the trendline that now acts...