How to identify trendlines

IC Markets No Comments Tags: , , , , , , , ,

Unlike support and resistance levels, trendlines are drawn at an angle. These widely used technical lines are, first and foremost, used to determine the trend. By drawing these lines one can establish whether a market is in the process of rallying north (an uptrend), dropping south (a downtrend) or in the phase of a consolidation.  … Continue reading How to identify trendlines