What are Trend Lines, and how to read them
November 06, 2023
Last Update December 07, 2023
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#TA
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.
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.
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