Chiefstorm

Nasdaq 100 monthly with simple trend lines

OANDA:NAS100USD   US Nas 100
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This chart is showing the Nasdaq 100 index with simple trend lines .
Interestingly there is the long term trend line from 2009 and more recently since 2016 what I would call an acceleration line which is a steeper angled trend line supporting price.
I have added a possible resistance line also for reference.
Also on this chart I have added the Bear market trend line from 2008-2009, this time connecting the peaks rather than the troughs in price.

I find Japanese candle sticks easy to read and easy on the eye which is why I prefer to use them.