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How to Draw Trend Lines Perfectly Every Time
Trend lines have become widely popular as a way to identify possible support or resistance. But one question still lingers among Forex traders – how to draw trend lines?
In this lesson, we’ll discuss what trend lines are as well as how to draw them. I’m also going to share a secret way that I like to use trend lines to spot potential tops and bottoms in a market, so be sure to read the lesson in its entirety.
What Are Trend Lines?
As the name implies, trend lines are levels used in technical analysis that can be drawn along a trend to represent either support or resistance, depending on the direction of the trend. Think of them as the diagonal equivalent of horizontal support and resistance.
These trend lines can help us to identify potential areas of increased supply and demand, which can cause the market to move down or up respectively.
Take a look at this site to learn more:
- https://forums.babypips.com/t/can-this-be-a-correct-way-to-draw-a-trendline/28970
- https://www.dailyfx.com/forex/education/trading_tips/trend_of_the_day/2013/08/20/3_Tips_For_Trendline_Trading.html
- https://www.binaryoptions.net/beginners-trading-concepts-using-trendlines-effectively/
- https://www.investopedia.com/articles/trading/06/trendlines.asp
If you want to watch here's the site: