Technical analysis is built on the assumption that prices trend. Trend Lines are an important tool in technical analysis for both trend identification and confirmation. A trend line is a straight line that connects two or more price points and then extends into the future to act as a line of support or resistance. Many of the principles...
There are three types of trends:
1. Uptrend (higher lows)
2. Downtrend (lower highs)
3. Sideways trends (ranging)
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