COURSE ON PROFICIENCY IN GRAPHIC PATTERNS: $COW
MODULE 1: BASICS | DAY 3 TREND LINES AND CHANNELS:
Price direction support and resistance do not need to be flat.
When they show an incline, they reveal the trend.
🔰DRAWING TREND LINES
UPTREND LINE: Connects ascending lows. Acts as support. As long as it holds, buyers are in control. $CYS
DOWNTREND LINE: Connects descending highs. Acts as resistance. As long as it holds, sellers are in control.
THE RULE OF TWO AND THREE: You need two points to draw a trend line and a third touch to confirm it. More touches mean a stronger line.
🔰TRADING CHANNELS: A channel is formed by two parallel trend lines. Price moves between them, bouncing off the lower line and rejecting the upper line. $WAL
🟢UPWARD: Rises. Higher highs and higher lows.
🔴DOWNWARD: Falls. Lower highs and lower lows.
🟠HORIZONTAL: Sideways. Range between lateral levels
#StrategicTrading #TrendlineBreakout #Chatpattern #TechnicalAnalysiss #BNBChainToActivatePasteurHardFork
MODULE 1: BASICS | DAY 3 TREND LINES AND CHANNELS:
Price direction support and resistance do not need to be flat.
When they show an incline, they reveal the trend.
🔰DRAWING TREND LINES
UPTREND LINE: Connects ascending lows. Acts as support. As long as it holds, buyers are in control. $CYS
DOWNTREND LINE: Connects descending highs. Acts as resistance. As long as it holds, sellers are in control.
THE RULE OF TWO AND THREE: You need two points to draw a trend line and a third touch to confirm it. More touches mean a stronger line.
🔰TRADING CHANNELS: A channel is formed by two parallel trend lines. Price moves between them, bouncing off the lower line and rejecting the upper line. $WAL
🟢UPWARD: Rises. Higher highs and higher lows.
🔴DOWNWARD: Falls. Lower highs and lower lows.
🟠HORIZONTAL: Sideways. Range between lateral levels
#StrategicTrading #TrendlineBreakout #Chatpattern #TechnicalAnalysiss #BNBChainToActivatePasteurHardFork