Trend Lines
– Trend lines have to hit the price points two or more times
– You can have a positive or negative trend
– They help you look at the future
– They can change angles at higher or lower slopes depending on how strong the trend is
– Trend lines can be validated with a third or fourth point
– Pay attention to trend line spacing or the distance between each point
– Tighter points have more validity toward the trend line
– Pay attention to angles: the steeper the angle of the trend line, the less validity its support and resistance has (because the price points are being climbed rapidly)
– Both upward and downward sloping trend lines can help you to predict future prices within technical analysis
#technicalanalysis #trendlines #stockslines #stockmarket #markettrends
Posted at: https://tradersfly.com/blog/understanding-trend-lines-within-stocks/
? GET MY FREEBIES
? SUBMIT A VOICE QUESTION
? START HERE: FOR NEW TRADERS
? START HERE: OPTION TRADERS
? MY CHARTING TOOLS + BROKERS
? MY COMPUTER EQUIPMENT
? GET THE NEWSLETTER
? SEE OUR MEMBERSHIP PLANS
https://tradersfly.com/go/members/
? STOCK TRADING COURSES
? STOCK TRADING BOOKS:
? GET PRIVATE COACHING
? WEBSITES:
? SOCIAL MEDIA:
https://tradersfly.com/go/twitter/
https://tradersfly.com/go/facebook/
? SUBSCRIBE TO OUR YOUTUBE CHANNEL
https://tradersfly.com/go/sub/
? MY YOUTUBE CHANNELS:
TradersFly: https://backstageincome.com/go/youtube-tradersfly/
BackstageIncome: https://backstageincome.com/go/youtube-bsi/
MyLittleNestEgg: https://mylittlenestegg.com/go/youtube/
? ABOUT TRADERSFLY
TradersFly is a place where I enjoy sharing my knowledge and experience about the stock market, trading, and investing.
Stock trading can be a brutal industry, especially if you are new. Watch my free educational training videos to avoid making big mistakes and just to continue to get better.
Stock trading and investing is a long journey – it doesn’t happen overnight. If you are interested to share some insight or contribute to the community we’d love to have you subscribe and join us!