Pheonix - How to draw Trendline
Trendlines are easily recognizable lines that traders draw on charts to connect a series of prices together or show some data's best fit. The resulting line is then used to give the trader a good idea of the direction in which an investment's value might move.
Trendline in combination of candlestick pattern helps in confirmation of important support and resistance levels. Important points while drawing a trend line.
It should not be toos lant.
Two or more points should a reasonably away from each other.
I hope this post helped you in learning Trendline.
Trendline in combination of candlestick pattern helps in confirmation of important support and resistance levels. Important points while drawing a trend line.
It should not be toos lant.
Two or more points should a reasonably away from each other.
I hope this post helped you in learning Trendline.
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