Smart Start TA Series 7: Using Trendlines to Identify Market Trends

Trendlines are straight lines drawn on a price chart to connect a series of price points, indicating the general direction of the market. There are two main types: upward and downward trendlines. Upward trendlines connect the low points in an uptrend, showing where support might lie, while downward trendlines connect the high points in a downtrend, signalling potential resistance.