strategy One Line – Multiple Functions Some traders, especially at the start, tend to underestimate the power of basic technical analysis instruments. Instead, they pick more complex tools and get overwhelmed by various trading signals. For many traders, getting back to the basics may be more helpful than trying to figure out advanced tools on the spot. Trend lines are precisely the kind of technical analysis tool that often gets overlooked. Yet, it has several useful functions: Assessing the direction of a trend (up, down or sideways); Identifying support and resistance levels; Spotting potential entry points for trades. Keep reading to find out how to apply trend lines and always know where the trend is heading next. |
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