TrendLine

#1
Dear Friends,

I believe trendline is a power tool in Technical Analysis. I am a learner and my main aim is to use trendline only for decisions in trading. I am requesting the Senior, respectable traders to share their knowledge, ideas on trendlines in this thread.

So it will be helpful for me and to all traderjis who use trendline strategy.

I am requesting senior traders to support this thread to live.

thanks in Advance,
Mullangi
 
#2
Trendlines are easily recognizable lines that traders draw on charts to connect a series of prices together. The resulting line is then used to give the trader a good idea of the direction in which an investment's value might move.
 
#3
Diagonal trend lines are extremely effective. They can be used on any timeframe.

Let's see if I can add a picture.

You want to start with a Daily chart and only apply to the swing highs and swing lows. When price get near the trendline, it will either break thru or at as a wall and repel causing price to fall....I guess I summed up support and resistance.

In this case, price hung below the trendline for some time and then blew right thru it. It looks like it might re-test that trendline which is now acting as support.
 

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