Using Trendlines to Identify Market Direction > 자유게시판

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Drawing trendlines is among the most reliable ways to spot market orientation.

These lines make it easier to recognize if prices are climbing, falling, or trading in a range.

A valid trendline requires connecting at least two major swing points that reflect the prevailing trend.

In an ascending trend, join the successive troughs; in a declining trend, connect the successive peaks.

The frequency of price bounces off the line increases its credibility as a support or آرش وداد resistance barrier.

When the trendline angles up, it reflects that demand is consistently outpacing supply.

This often signals a good opportunity to look for buying positions, especially when price pulls back to the trendline and bounces off it.

Conversely, a falling trendline indicates that sellers are dominant and supply is overwhelming demand.

Short entries are often triggered when price rallies to the trendline and shows rejection signs.

They are subjective tools that sometimes fail to predict turning points accurately.

A breach might indicate a trend change, or it could merely be a short-term volatility spike.

Relying solely on a trendline break is risky—confirmation is essential.

Volume can also help validate the strength of a trendline break.

Combine trendlines with Fibonacci levels, OBV, or engulfing patterns for higher accuracy.

They are not meant to be used in isolation.

A daily trendline holds more significance than one drawn on a 15-minute chart.

Weekly and daily trendlines reflect institutional behavior, while intraday lines are prone to noise.

Each successful retest strengthens the psychological importance of the line.

Trendlines act as a compass, keeping traders in sync with the dominant market flow.

By consistently applying trendlines and observing how price reacts to them, traders can develop a better sense of market sentiment and improve their timing for entries and exits