Trend Lines

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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 the price action stays above this line, we have a bullish trend. Lines with a negative slope that act as resistance to the price action show that net-supply is increasing. As long as the 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 more points there are to connect, the stronger a trend 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. This tool can also be used to illustrate trends on indicators.
LewisGlasgow LewisGlasgow PRO AUDCAD, 60, Long ,
AUDCAD: AUD/CAD - Bullish Gartley
156 0 21
AUDCAD, 60 Long
AUD/CAD - Bullish Gartley

There are some amazing setups forming on the charts, here we have AUD/CAD on the 1h chart with a bullish gartley. Price is currently completing the C to D leg, this is an early prediction but one to watch going into next week. The measurements for a valid gartley pattern are detailed below. B: 0.618 C: 0.382 - 0.886 D: 1.272 - 1.618 Final X to D: 0.786 ...

TeaMiura TeaMiura BTCUSD, 15, Short ,
BTCUSD: 48 Hours Bitcoin Forecast. Expecting to fall to 2,150 - 2,300
1634 4 13
BTCUSD, 15 Short
48 Hours Bitcoin Forecast. Expecting to fall to 2,150 - 2,300

Updated version of the previous chart. Already sold at 2,595. Will do high-frequency trading until saturday and buy big around 2300 to 2150 (gradually)

jojofang0901 jojofang0901 PRO EURJPY, 240, Short ,
234 0 17
EURJPY, 240 Short

Hi everyone: EURJPY is currently trading on the top of the daily resistance zone around 130.00. On the 4 hr chart we are seeing a potential bearish flag in the making. IF we have a break out, we can potential see the price action hitting the support trend line of the triangle, or possible break out of the triangle down to the 38.20% for a nice risk:reward ...

cal268 cal268 PRO BTCUSD, D, Long ,
BTCUSD: BTCUSD Watch Breakout 2790
387 1 10
BTCUSD Watch Breakout 2790

Comments as markups

cal268 cal268 PRO AUDUSD, 240, Short ,
AUDUSD: AUDUSD Bearish confirmed
70 0 7
AUDUSD, 240 Short
AUDUSD Bearish confirmed

Now it is going to find support, somewhere near 0.7870

ntron ntron DCRBTC, 240, Long ,
DCRBTC: DCR bottom?
67 0 5
DCRBTC, 240 Long
DCR bottom?

Decred finding support at the green trend line after dumping. Price range contracting and forming a triangle, triangles are powerful in crypto. Illuminati confirmed and Rothschild buying into BTC. Only one way possible, and that is up. Obvious sarcasm is obvious I hope. Targets are in yellow, the highest target is a bit of a stretch tho. Aim for the first two ...

letthewriterswrite letthewriterswrite PRO NDX, W, Short ,
NDX: Possible repeat of the 2008 recession?
63 0 5
NDX, W Short
Possible repeat of the 2008 recession?

I predicted a downturn for Google and Logitech this week not realizing the much bigger picture, the NASDAQ. In trying to understand what happened today, I found a very troubling pattern. It seems that in the 2008 recession, it took a dip and tried to correct itself only to crash even worse. Are we facing a similar pattern at a much greater proportion?

eangrand45 eangrand45 NZDJPY, 60, Long ,
13 0 5
NZDJPY, 60 Long


ndjf310 ndjf310 EURJPY, 240, Long ,
29 0 4
EURJPY, 240 Long
Long on EURJPY

I wanted to place a buy near the trendline but i I now see this pair going up for several reasons as listed below: 1) This pair has been rallying up and as long as it is above the monthly support of 128.130 I will continue to go long 2) There has been this type of consolidation since the 10th of July but I believe it will continue to move up as it has been ...

Smokwawelski Smokwawelski USDRUB, D, Long ,
20 0 4

Trendline suggest we could expect weakening rubbel in comming days. it coincides with potential pivot points on other oil related currencies as CAD and NOK and Oil itself. look at my other today's ideas related with oil

TeaMiura TeaMiura BTCUSD, 15, Short ,
BTCUSD: Insurance-strategy against a potential trap. Buy around 2400
101 0 3
BTCUSD, 15 Short
Insurance-strategy against a potential trap. Buy around 2400

my strategy against a trap. I am quite sure that we will see 2100 (even 1800s) but this also needs to be considered. it might bounce back from 2400 (fear-sell^1)

letthewriterswrite letthewriterswrite PRO NDX, 60, Short ,
NDX: NASDAQ in for dark times...
46 0 3
NDX, 60 Short
NASDAQ in for dark times...

Am I being a fatalist or has the NASDAQ made a crossover?

AlbCM AlbCM UKOIL, D, Short ,
UKOIL: Brent is to decline to low 40s by end of August
41 0 3
UKOIL, D Short
Brent is to decline to low 40s by end of August

Brent should drop to somewhere between the dotted lines by the end of August.

steliron steliron BTCUSD, 240,
BTCUSD: Bitcoin USD 4 Hour Chart
42 0 3
Bitcoin USD 4 Hour Chart

4 Hour Fork

LiveLeak LiveLeak XAUUSD, 240, Long ,
XAUUSD: Still longing Gold! FX:XAUUSD
38 0 3
XAUUSD, 240 Long
Still longing Gold! FX:XAUUSD

after Thursday's consolidated market for the precious yellow metal we saw some rejection around 1254.7 which indicates we'll see some more movement toward the upside in the near future. Into the weekend and next week we should see some significant movements around 1260+. Use smart risk management and happy trading. CTMFX LL

letthewriterswrite letthewriterswrite PRO MBRX, 15, Long ,
MBRX: MBRX has more good news and continues to follow the trend line!
23 0 3
MBRX, 15 Long
MBRX has more good news and continues to follow the trend line!

As I forecasted yesterday, MBRX has all the fundamentals and technicals in place. Well above the EMA, closing higher than the open, and having a healthy resistance upwards. I estimated 2.60 a little too soon but tomorrow the 28th will certainly hit 2.60 as the trendline continues.

FromForkToFingers FromForkToFingers CADJPY, 240, Short ,
CADJPY: CADJPY Short 4H chart
16 0 3
CADJPY, 240 Short
CADJPY Short 4H chart

Hi traders, We are going to wait for a break of the trendline after a triple top has been created with a final exhaustion move. After the price, I suggest going short with half position as I'd like to wait for a break of the strong zone that has been drawn with a light blue rectangle. Once this is broken with a momentum candle, I will go short. There was a long ...

KMack KMack EURAUD, 240, Long ,
14 0 3
EURAUD, 240 Long

Trendline Broken. Waiting for a return to the demand Zone. Even tho price had good momentum from this area, the candles look like there was selling into it.

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