What are Trend Lines, and how to read them

November 06, 2023
Last Update December 07, 2023

Trendlines are lines that connect a series of prices. A trend line can be drawn over pivot highs or below pivot lows. 

Here is how trend lines look.

Trend lines-02.png

A line drawn along the bottom forms the support level and indicates an uptrend. A line drawn along the top forms the resistance level and indicates a downtrend. The longer the timeframe covered by a trend line is, the more accurate the indicator.