The chart is self-explanatory and shared for educational purposes.
There are different degrees of trend in effect at any one time, so is there a need for different trendlines to measure those various trends?
A major up trendline, For example, would connect the low point of the trendline, while shorter and secondary would be used for secondary swing.
There are different degrees of trend in effect at any one time, so is there a need for different trendlines to measure those various trends?
A major up trendline, For example, would connect the low point of the trendline, while shorter and secondary would be used for secondary swing.