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Trendlines Galore!
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Chapters7 segments · tap to seek
ticker lesson
Breakdown
0:00lesson
Trend lines basics
- Trend lines are simple but important charting tool
- Made of two data points
- Help identify support and resistance
- Real life examples to illustrate
2:08lesson
Diamond pattern and trend lines
- Diamond pattern with trend lines
- Rules of the road for trend lines
- Logarithmic scale preferred
- Clean trend lines connected to two data points
4:10lesson
Trend line utility
- Trend line dictates support and resistance
- Breakout above trend line is bullish
- Resistance becomes support after breakout
- Price bounces off trend line
6:05lesson
Trend line failure
- Trend line fails to support prices
- Violations and cracks under trend line
- Support becomes resistance
- Decline signaled by failed support
8:03lesson
Trend line resilience
- Trend line can still be useful after crack
- Price rallies to trend line
- Appealing risk-reward ratio
- Trend line remains relevant
8:04lesson
Long-term trend lines
- Trend lines can span decades
- Support for decades then fails
- Phase change and rally
- Trend line remains useful over time
8:05lesson
Descending trend line
- Descending trend line for silver
- Cross above trend line signals rally
- First signal of positive movement
- Trend line remains critical for entry
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