Access premium trading indicators at luxalgo.com - In this video we cover how to draw trend lines for trading stocks, crypto, forex, etc. Multiple methods are shown including breakout / retest, drawing trend lines as a zone, using a specific angle to find ideal trend lines, as well as how to analyze price action when trading trendlines.
Trend lines are recognizable lines that traders draw on their charts to connect a series of prices together or show some data's best fit. The resulting line is then used to give the trader a good idea of the direction and also areas of support or resistance.
Trendlines can work on any timeframe, supporting scalpers, swing traders, or even investors to find actionable areas to help them make smarter decisions when entering a position.
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0:00 What is a Trend Line?
0:57 How To Draw Trend Lines
1:55 How To Trade Trend Lines
3:20 Avoid False Trend Line Breakouts
3:55 Chart Patterns + Outro
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