Trend line? What is trend line? Three types of trend line

 Trend line? What is trend line? Three types of trend line?

Trend line explanation.

A trend line is a straight line that is used to represent the general direction or trend of a set of data points. It is commonly used in data analysis to show the direction of a particular trend over a period of time.

In technical analysis, trend lines are often used to identify support and resistance levels in financial markets. A trend line that connects a series of rising lows is called an uptrend line, while a trend line that connects a series of declining highs is called a downtrend line.

Trend lines can also be used to project future data points based on historical data. However, it's important to note that trend lines are not always accurate predictors of future trends and should be used in conjunction with other forms of analysis.

What are the three types of trend line ?

1.    Uptrend line: This is a trend line that connects a series of rising lows in a chart. It indicates that the overall trend is upward, and that prices are likely to continue rising in the future.

Up Trend line 

2.    Downtrend line: This is a trend line that connects a series of declining highs in a chart. It indicates that the overall trend is downward, and that prices are likely to continue falling in the future.

Down trend line 

3.     This is a trend line that shows a range-boundSideways or horizontal trend line: market, where prices are moving neither up nor down significantly. It indicates that there is no clear trend in the market, and that prices are likely to continue trading within a certain range.

Sideways trend line 

Trend line? What is trend line? Three types of trend line

Technical analyse basic.  2. Trend line  link

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