Trendlines are probably the most commonly used pattern in technical analysis.
At the same time, it is probably the most underused of the many analytical tools.
There are three types of trendlines: 1. Uptrend lines (where lows are rising)2. Downtrend lines (where highs are falling)3. Sideways trendlines (range fluctuations) Here are some things to keep in mind about trendlines:
1. At least two tops or bottoms are needed to draw a valid trendline, but a third point is needed to determine the trendline. 2. The steeper the trendline is drawn, the less reliable it is, and the more likely it is to be breached. 3.
4. Most importantly, never force a trendline to adapt.
If they don’t fit the market, then the trend line is not valid.
The strong dollar continued, with U.S. oil plunging nearly 8 percent and the energy crisis threatening to drag the euro below parity.
Please pay attention to the specific operation, the market is changing rapidly, investment needs to be cautious, the operation strategy is for reference only.
