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Trend lines are essential tools in technical analysis that help you understand market direction and make better trading decisions. Simply put, they are straight lines that connect price peaks or troughs to illustrate the overall market movement.
✓✓ Understanding the trend line✓✓
• Uptrend Line: Drawn below increasing lows, acts as support for the price.
• Downtrend Line: Drawn above decreasing highs, acts as resistance for the price.