Trend Lines

Trend lines can be used to identify and confirm trends. A trend line connects at least 2 price points on a chart and is usually extended forward to identify sloped areas of support and resistance. Lines with a positive slope that support price action show that net-demand is increasing. As long as price action stays above this line, we have a bullish trend. Lines with a negative slope that act as resistance to price action show that net-supply is increasing. As long as price action stays under this line, we have a bearish trend.

Price usually retests a sloped trend line several times, until it breaks at which point we may have a trend reversal. The most successful tests of a trend line are when the more points there are to connect, the stronger the line becomes. Different strategies have different rules on how far apart connected price points can be and whether to connect wicks or candle bodies, but all trend lines break eventually. TradingView has a smart drawing tool that allows users to visually identify trend lines on a chart.
biggullycoin biggullycoin PRO BTCUSD, 120, a day ago
BTCUSD: Possible Bitcoin Ascending Wedge - targets & speculation
388 8 5
BTCUSD, 120
Possible Bitcoin Ascending Wedge - targets & speculation

Looks like we're near the top of an Ascending Wedge (purple). We're also at a trendline formed from the last couple tops and matches a few points further back (purple line). So I'm speculating that a drop is imminent (although this is bitcoin so who knows - my last prediction looked pretty solid and didn't pan out lol). Assuming it does drop, I have a couple ...

WhaleScout WhaleScout BTCUSD, M, Short , 8 hours ago
BTCUSD: Monthly starts to signal down trend start, sorry bulls...
185 4 7
BTCUSD, M Short
Monthly starts to signal down trend start, sorry bulls...

I use Volume Flow with trendlines and it works on lower time frames, it should work here too, it broke down the trendline! The oversold cross on the Rational Flibbr indicator is very significant too, it signals down! How far? Well, 0.5 fibo level is a good target, but I guess it will take some time to confirm this lol

FxWirePro FxWirePro PRO EURUSD, 240, Short , 12 hours ago
EURUSD: EUR/USD :200 day MA and trend line support
359 0 7
EURUSD, 240 Short
EUR/USD :200 day MA and trend line support

It is good to sell on rallies around 1.08225-1.08250 with SL around 1.0885 for the TP of 1.07600/1.070600

FxWirePro FxWirePro PRO GBPAUD, D, Short , 5 hours ago
GBPAUD: GBP/AUD short setup
124 0 9
GBPAUD, D Short
GBP/AUD short setup

GBP/AUD rejected at 100-DMA, intraday bias bearish. Price action dips below daily cloud and is currently holding 20-DMA support at 1.6182. Technical studies are bearish, RSI is biased lower and Stochs have rolled over from overbought levels. We expect GBP to remain under pressure as Article 50 is triggered and uncertainty will weigh on the pound. Break below ...

Alrahmani Alrahmani GBPUSD, 240, 17 hours ago
GBPUSD: GBPUSD 4H Retest trend line and demand zone
80 2 7
GBPUSD, 240
GBPUSD 4H Retest trend line and demand zone

https://www.tradingview.com/x/WkAm2FPy/

ruzeyinvest ruzeyinvest PRO USDJPY, 240, Long , 18 hours ago
USDJPY: broke trendline
94 0 8
USDJPY, 240 Long
broke trendline

broke trendline and go to 112 long position

waynebrueggemann waynebrueggemann XAUUSD, D, Short , 5 hours ago
XAUUSD: Daily Doubletop on the Daily Timeframe Gold
77 0 8
XAUUSD, D Short
Daily Doubletop on the Daily Timeframe Gold

Doubletop on the daily timeframe. Also price touched a weekly trendline and resistance zone. Maybe we see the price drop =) Note: This is just an idea. Always analyize the markets by your own!

samuelshun1101 samuelshun1101 EURUSD, 240, Short , 8 hours ago
EURUSD: eurusd ,,,break the trendline
94 2 5
EURUSD, 240 Short
eurusd ,,,break the trendline

eurusd ,,,break the trendline

ruzeyinvest ruzeyinvest PRO EURUSD, 60, Short , 8 hours ago
EURUSD: broke trendline
85 0 7
EURUSD, 60 Short
broke trendline

broke trendline and go to the 1.0700 before news for GDP and Unemployment on USA

dannydegrote dannydegrote EURCAD, 240, Long , a day ago
EURCAD: sell eurcad and buy later for huge move
73 1 7
EURCAD, 240 Long
sell eurcad and buy later for huge move

you can sell eurcad now, if touched the major trendline buy for huge move up

DanielAnt DanielAnt EURUSD, 60, 5 hours ago
EURUSD:  testing support and trendline neck of a potential INV H&S
65 0 7
EURUSD, 60
testing support and trendline neck of a potential INV H&S

im bull if break up bear if break down :) Im neutral untill break up or down

Altcoinanalytics Altcoinanalytics NXTBTC, D, Long , 4 hours ago
NXTBTC: NXT, very LONG!
108 0 6
NXTBTC, D Long
NXT, very LONG!

We will see great movements "UP" on the NXT and STEEM chart in the next few weeks, be excited and don't miss the train again! Here is my old Lisk chart, if you doubt on my authority and knowledge: https://www.tradingview.com/chart/LSKBTC/glgb4Ted-Lisk-breakout-from-the-down-trendline-LONG/ my last 4 charts was correct, just look at my profile. What is ...

Moshbi Moshbi XAUUSD, 120, Short , 2 hours ago
XAUUSD: Gold short setup
80 0 6
XAUUSD, 120 Short
Gold short setup

Hi traders, here is short opportunity on gold, according to the 2618 trading strategy. Entry point includes confluence of many factors, such as O,618 level of big swing on D1, pink trend line, 0,618 level of the double top. Have a nice day!

artm92a artm92a XAUUSD, 240, Short , 6 hours ago
XAUUSD: XAUUSD - Short setup
65 0 6
XAUUSD, 240 Short
XAUUSD - Short setup

Hi everyone. Good sell setup on XAUUSD. Broke out of the ascending trendline and currently retesting it. Wait for some confluence before shorting. Trade with care.

theodor87 theodor87 CADJPY, 60, Long , 7 hours ago
CADJPY: Possible big up move
23 1 4
CADJPY, 60 Long
Possible big up move

Possible up move "all the way up" to daily trend line.

KlejdiCuni KlejdiCuni AUDCAD, 60, Short , 2 hours ago
AUDCAD: AUDCAD: Completed bearish BAT pattern on 60 min
27 4 2
AUDCAD, 60 Short
AUDCAD: Completed bearish BAT pattern on 60 min

AUDCAD: Completed bearish BAT pattern 1.Completed bearish Bat pattern 2. Near retesting 240 min trendline and 61.8 Fib.Retracement

TipTVFinance TipTVFinance PRO EURUSD, D, 2 hours ago
EURUSD: EUR/USD - Daily close below 1.0785 would be bearish
100 0 5
EURUSD, D
EUR/USD - Daily close below 1.0785 would be bearish

Euro’s failure to capitalize on the bullish inverse head and shoulder breakout by convincingly taking out the descending trend line coming from 2016 highs followed by a failure to hold above the Feb high of 1.0829 and the subsequent drop below inverse head and shoulder neckline support of 1.0785 suggests the rally from the low of 1.0341 has topped out at 1.0906. ...

TipTVFinance TipTVFinance PRO GBPUSD, D, 6 hours ago
GBPUSD: GBP/USD could peep above 1.25
74 0 5
GBPUSD, D
GBP/USD could peep above 1.25

Pair's reversal from the low of 1.2377 (near descending trend line support) followed by a move back above the 50-DMA and 100-DMA level of 1.2419 suggests the retreat from the high of 1.2616 has ended and the spot could revisit 1.25 levels. Moreover, Pound is likely to cheer Brexit clarity. On the downside, only a daily close back inside the falling channel ...

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