2: The line reveals all . . . Well, almost . . .
Sometimes the simplest tools are the best. Just a few well-placed lines on a chart can tell you around 80 per cent of what you need to know about trend. Get ready to learn this essential skill . . .
It’s amazing how much information one or two little lines can reveal about the direction of the share price. In this chapter we will have a look at the line family. This includes support and resistance lines, as well as trendlines. I will explain the principles behind these lines, provide an example, and give you a chance to practise your skills. By the end of this section of the workbook, you should confidently be able to draw in these lines to help you diagnose the share price direction. Let’s start ...
