Support and resistance are highlighted
Support and resistance are highlighted with horizontal or angled lines, called trendlines. If the price stalls and reverses in the same price area on two different occasions in succession, then a horizontal line is drawn to show that the market is struggling to move past that area.
In an uptrend, the price makes higher highs and higher lows. In a downtrend, the price makes lower lows and lower highs. Connect the highs and lows during a trend. Then extend that line out to the right to see where the price may potentiall
In an uptrend, the price makes higher highs and higher lows. In a downtrend, the price makes lower lows and lower highs. Connect the highs and lows during a trend. Then extend that line out to the right to see where the price may potentiall
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