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Basic way to draw a trend line: 1. Identify the trend: Dete

Adaora Favour Nwankwo

Updated at: 5 hours ago

{"content":"Basic way to draw a trend line: 1. Identify the trend: Determine if it's an uptrend, downtrend, or sideways trend. 2. Choose a chart: Use a line chart or candlestick chart. 3. Select points: Identify two or more significant highs (for downtrend) or lows (for uptrend). 4. Draw the line: Connect the points with a straight line. For an uptrend, connect the lows. For a downtrend, connect the highs. Trend lines help identify: - Support and resistance levels - Trend direction - Potential breakouts or reversals You don’t understand this basics, charting will be tough. Also,Keep in mind, trend lines are subjective and may vary depending on the timeframe and points chosen.","images":[],"tags":[],"tradingPairs":[],"quotearticleid":0}

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