Basic Part-1 : Tutorial of "Trendline and Parallel Channel".
The trend line is a straight line that connects the minimum two price points to show the general direction in which price points seem to be going.
Traditionally, the trend is used to find the next future price resulting in, it gives the trader a good idea of the direction, in which an investment's value might move. We basically use the trend line for entry and exit price.
There are two types of trend lines: one is the Resistance line and another is a Support line.
Traditionally, the trend is used to find the next future price resulting in, it gives the trader a good idea of the direction, in which an investment's value might move. We basically use the trend line for entry and exit price.
There are two types of trend lines: one is the Resistance line and another is a Support line.