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what is a trend line? and how do I draw the trend line.

Sagot :

Given:

The question is given.

Required:

we have to define what is a trend line and how do we draw the trend line.

Explanation:

Trend lines are drawn at an angle and are used to determine a trend and help making trading decision.

To draw a trend line in an uptrend, two lows must be connected by a straight line. To draw a trend line in a downtrend, two highs must be connected by a straight line. A trend line should be connected by at least three highs or lows to make it valid.

Final answer:

Hence the final answer is:

Trend lines are drawn at an angle and are used to determine a trend and help making trading decision.

To draw a trend line in an uptrend, two lows must be connected by a straight line. To draw a trend line in a downtrend, two highs must be connected by a straight line. A trend line should be connected by at least three highs or lows to make it valid.