Introduction to Trendlines


Technical analysis is built on the assumption that prices trend. Trend Lines are an important tool in technical analysis for both trend
identification and confirmation. A trend line is a straight line that connects two or more price points and then extends into the future to
act as a line of support or resistance. Many of the principles applicable to support and resistance levels can be applied to trend lines as well.  After reading this eBook you will  :

  • Learn the concept of trendline analysis
  • Understand how to draw trendlines
  • Learn how to use trendlines for spotting vertical support and resistance
  • Learn how to draw internal trendlines within the trend