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Tim Knight's Simple Rules for Drawing Trend Lines That Actually Work
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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
- Educate on real life examples
2:08lesson
Diamond pattern and trend lines
- Diamond pattern with trend lines
- Rules of the road for trend lines
- Use logarithmic scale
- Clean trend lines connected to two data points
4:10lesson
Trend line utility
- Trend line holds back price decline
- Breakout above trend line is bullish
- Resistance becomes support after breakout
- Price rallies near trend line
6:05lesson
Trend line failure
- Trend line fails to support
- Violations and phase change
- Support becomes resistance
- Decline after trend line failure
8:03lesson
Trend line resilience
- Trend line can still be useful after failure
- Rally to trend line as support
- Appealing risk-reward ratio
- Trend line can climb over time
8:04lesson
Long-term trend lines
- Trend line support for decades
- Phase change and rally
- Price kisses bottom of trend line
- Decline after trend line failure
8:05lesson
Descending trend line
- Descending trend line for silver
- Cross above trend line for rally
- Signal for price movement
- First signal of positive change
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