4. Trendlines and Channel Lines—The Shape of Things to Come
Trends are clearly defined through drawing of trendlines and channel lines. These are among the most basic of indicators, and they bring the trend to life by outlining the slope and duration with great clarity.
Even though the trendline and channel line are easily viewed and understood, they also support numerous related indicators, notably highlighting the differences between retracement and reversal, and how trends are managed by analyzing short-term patterns, such as flags and pennants.
Get A Technical Approach To Trend Analysis: Practical Trade Timing for Enhanced Profits now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
