Hit enter to search or ESC to close
Posted on January 29, 2024 at 2:20 pm (GMT+8)
Technical analysts can ascertain the present direction of market prices with the aid of a trendline. According to technical analysts, the trend is your friend, and the first step in executing a profitable trade is figuring out what the trend is. An analyst needs at least two points on a price chart in order to draw a trendline.
Trend lines are crucial to technical analysis because they may give traders a clear visual picture of market trends and possible reversal points, which can aid in making well-informed trading decisions. They offer a straightforward but efficient way to recognise and predict market behaviour.
Trend lines can benefit from the application of many of the same concepts that apply to support and resistance levels.
With Minichart Trend scanner, you’ll be able to draw trend line and monitor if it breaks out using the scanner.
Your email address will not be published. Required fields are marked *
Comment *
Name
Email
Website
Δ
Marco Polo Marine’s 1QFY2025 Update: Key Insights for Investors Marco Polo Marine’s 1QFY2025 Update: Key Insights for Investors Marco Polo Marine Ltd has released its financial update for the first quarter of FY2025, showcasing...
Date of ReportSeptember 17, 2024 Broker NameCGS International Company OverviewMNRB Holdings Bhd underwrites all classes of general reinsurance business. The main types of general reinsurance business include proportional and non-proportional treaty reinsurance, as well...
Date of Report October 1, 2024 Broker Name CGS International Securities Company Overview Wuliangye is a leading company in the consumer staples sector, primarily recognized for its production of high-quality Chinese liquor, particularly Baijiu....
