The Application of Trend Lines$As a trend trader, first master the relevant knowledge of trend lines. 1. Cognition: A trend line is a tool that indicates the direction of a trend. We say that the trend is represented by a trend line. The trend line itself does not have support or resistance functions. It is like traffic lines on a road. Trend lines are not drawn; they are formed by the market's movement. Do not draw lines just for the sake of drawing. Do not be superstitious. 2. Application: Breaking below the trend line is a signal to take profit. 3. How to draw trend lines: Attempt line: A line drawn tentatively to get closer to the market. Turning point: Must be confirmed. Main line: Formed after breaking through the bottom pattern. Acceleration line: A trend line formed during an accelerated upward movement within a major upward trend. 4. Adjusting trend lines: A very good method for tracking trends because trends are constantly changing. To stay close to the market, trend lines must be adjusted in a timely manner. Especially important is that failing to adjust trend lines promptly can lead to serious consequences, such as premature profit-taking, increased losses, profits turning into losses, etc., all related to adjusting trend lines. $POL $GAL
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The Application of Trend Lines$As a trend trader, first master the relevant knowledge of trend lines. 1. Cognition: A trend line is a tool that indicates the direction of a trend. We say that the trend is represented by a trend line. The trend line itself does not have support or resistance functions. It is like traffic lines on a road. Trend lines are not drawn; they are formed by the market's movement. Do not draw lines just for the sake of drawing. Do not be superstitious. 2. Application: Breaking below the trend line is a signal to take profit. 3. How to draw trend lines: Attempt line: A line drawn tentatively to get closer to the market. Turning point: Must be confirmed. Main line: Formed after breaking through the bottom pattern. Acceleration line: A trend line formed during an accelerated upward movement within a major upward trend. 4. Adjusting trend lines: A very good method for tracking trends because trends are constantly changing. To stay close to the market, trend lines must be adjusted in a timely manner. Especially important is that failing to adjust trend lines promptly can lead to serious consequences, such as premature profit-taking, increased losses, profits turning into losses, etc., all related to adjusting trend lines. $POL $GAL