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Trend Lines
Technical Analysisbeginner
Updated 1/15/2024
Definition
Trend lines are diagonal lines connecting two or more price points, showing the direction of price movement. Uptrend lines connect rising lows, while downtrend lines connect falling highs. They act as dynamic support/resistance.
Example
Drawing a line connecting the rising lows in EUR/USD creates an uptrend line. Price often bounces off this line, providing buying opportunities.
Tags
#technical-analysis#trends#lines
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