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How do trendlines work?

April 26, 2017trendlines

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How do trendlines work?

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Trend lines are simple, yet helpful tools in identifying and confirming the direction of market trends. The continuation of the line helps determine the path along which the market is heading. Drawing trendlines is a concrete method to identify support lines and levels. The validity of a trend line is partially related to the number of connection points as well as the length of time that the trendline remains intact.