What are trend lines

[denero234]

Someone please help me with trend lines I don't know what they are.

 

[Fin_Trader]

Trend lines are straight lines drawn through key lows (in an uptrend) or highs (in a downtrend) on the chart. Trend lines can also serve as support levels in an uptrend and resistance levels in a downtrend. The price can bounce off these lines, creating opportunities to enter a trade on a pullback. A trend breaks when its line is broken. But here it is important to wait for a retest of its broken side and a rebound in the direction of the breakout, which is often a good confirmation of a change in trend direction.

 

[Jason Libson]

Trend lines are lines drawn on a chart to identify the direction of the market—either upward (bullish) or downward (bearish). They connect significant price points like highs or lows, helping traders spot trends and potential reversals.

 

[Fxzombie]

Trend line is a technical analysis tool used to identify the direction of price movement of an asset, including in the market for forex trading, traders connect peak to peak or valley to valley to get a trend line.

 

[Jonathan Lee]

Trend lines are lines drawn on a chart to highlight the general direction of price movements in financial markets. An uptrend line connects higher lows, indicating rising prices, while a downtrend line connects lower highs, signaling declining prices. They're used in technical analysis for predictions.

 

[Fin_Trader]

When a trader uses trend lines, he limits himself to actions within a clearly defined market direction, which minimizes the likelihood of opening positions against the main trend and allows him to earn on broader trend movements.