How to Analyse Trendline ? - The Fido Academy

Read on for a brief explanation of the trendline.
When prices move in a zigzag pattern but still follow an imagined path or a trend in one direction, this is called a trend. A trend line can be used to further characterize the trend. Trend lines create dynamic resistance by connecting important lows in an uptrend and significant highs in a downtrend.

Dynamic resistance indicates that the price of the support or resistance changes as time passes. In an uptrend, for example, the level of support increases over time. In a decline, the level of resistance decreases over time.
An uptrend is defined as higher highs and lower lows as time passes; a downtrend is defined as lower highs and lower lows as time passes.

Channels are another item to keep an eye out for. Prices bounce back and forth between two parallel trend lines in a channel. The most common technique is to sell at the top of the channel and buy at the bottom.
Traders usually look for trade chances in the form of patterns in the trend. Channels give a background for identifying high-probability Traders can sell off the top of the channel or purchase off the bottom of the channel regardless of trend direction, in addition to trading with the trend.

Learn everything you need to know about analyzing a trendline by watching this video. Learn about the two different forms of trendlines: ascending and descending This video will help you comprehend the trendline by simplifying the difficult explanation. Get more information by watching this video.

To Redefine Your Future,
Visit: https://thefidoacademy.com/
Mail: info@thefidoacademy.com
Call: +91- 8248464994
Whatsapp: 8248464994