How to Identify and Draw Trendlines on Your Charts
How to Identify and Draw
Trendlines on Your Chart
A trend line is a straight line that connects two or more swings on a stock market chart. These lines are important because they confirm the direction the trend and can also act as support or resistance. If price action breaks through a trend line, it can alert a trader that the current trend may be coming to an end.
Title: How to Identify and Draw Trendlines on Your Charts
Submited by: admin
Category: technical analysis
Added on: February 17th, 2013
Views: 293 views
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