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Trend Lines

Trend lines can be used to identify and confirm trends. A trend line connects at least 2 price points on a chart and is usually extended forward to identify sloped areas of support and resistance. Lines with a positive slope that support price action show that net-demand is increasing. As long as the price action stays above this line, we have a bullish trend. Lines with a negative slope that act as resistance to the price action show that net-supply is increasing. As long as the price action stays under this line, we have a bearish trend.

Price usually retests a sloped trend line several times, until it breaks at which point we may have a trend reversal. The more points there are to connect, the stronger a trend line becomes. Different strategies have different rules on how far apart connected price points can be and whether to connect wicks or candle bodies, but all trend lines break eventually. TradingView has a smart drawing tool that allows users to visually identify trend lines on a chart. This tool can also be used to illustrate trends on indicators.
smilingllama smilingllama BTCUSD, 1M,
BTCUSD: Bitcoin - hopium
156 0 4
BTCUSD, 1M
Bitcoin - hopium

Nothing more than playing around with the monthly log and heikin ashi candles to show the trend better. Pure hopium speculation... Until we see some green on this time frame my inner bear is still winning. Both RSI and Stoch are still pointing down as well, which indicates to me that we aren't out of the current downtrend just yet, despite all the bulls on ...

davidmag davidmag USDCAD, 1D,
USDCAD: USDCAD opportunity
167 2 3
USDCAD, 1D
USDCAD opportunity

Interesting area of chart I have been watching for a while now. I will be looking for a bounce of the trend-line and/or consolidation around this area.

Forex_Academy Forex_Academy AUDUSD, 1W, Long ,
AUDUSD: AUDUSD Long-Term Outlook
74 0 1
AUDUSD, 1W Long
AUDUSD Long-Term Outlook

The AUDUSD pair is making a strong comeback inside the slightly upward channel. If history repeats itself we wll we see the price of the pair touch the uppwad channel whithin 12 weeks from now.

nob86 nob86 SEE, 240, Long ,
SEE: Seeing Machines uptrend continuation
64 0 0
SEE, 240 Long
Seeing Machines uptrend continuation

This is my take on the recent events and positive SP movement in recent weeks for Seeing Machines (LSE:SEE). N.B. I am not a professional trader, or consider myself in any way an export in TA, i have produced this for my own benefit and thought i would share my view. 12p seems to be providing some resistance this week but the SP has consolidated nicely above 10p. ...

ewilliams ewilliams AUDUSD, 1D, Short ,
AUDUSD: AUDUSD TRADE 13/06/2018
32 0 0
AUDUSD, 1D Short
AUDUSD TRADE 13/06/2018

Descending trendline is still holding and price has rejected the trendline again (4th time) Fib drawn from the last bounce of the trendline to the new low created. This price has rejected this fib at the 61.8 level. Shooting star to break through the MA's and close below the 0.75750 level. Price could retest 0.75750 and continue to fall. I'm looking for a new ...

richthenewbie richthenewbie SNG, 60, Long ,
SNG: Small Pharma Big Backers and Partners - LONG SNG (Synairgen)
15 0 0
SNG, 60 Long
Small Pharma Big Backers and Partners - LONG SNG (Synairgen)

Prudent Drug Discovery Company Low market cap (appox £13m at time of writing). Issues shares very rarely (last placing nearly four years ago). Has material interest in its work from larger partners (Pharmaxis). Sold interest in LOXL2 programme for £5m to Pharmaxis in December. Pharmaxis continues to fund and develop LOXL2 inhibitors and Synairgen retains interest ...

martenus.prince martenus.prince AUDUSD, 240, Short ,
AUDUSD: Bear continuation confirmed by some indicators
31 0 0
AUDUSD, 240 Short
Bear continuation confirmed by some indicators

I added some tools to my portfolio and I am testing them these days. Two of them are EMA and SMA - we have a price crossing under SMA 100, which is a sell signal. SAR indicator signals the same. Possible Fibo retracement bounce from 50% level of previous downward move. We are probably not gonna touch the upper trend line. Going short, trade opened.

TJP_Trader TJP_Trader EURJPY, W, Short ,
EURJPY: EURJPY Compelling Breakdown Continues
40 0 0
EURJPY, W Short
EURJPY Compelling Breakdown Continues

Last week saw JPY continue to advance adding further weight to the breakdown seen the week before Price is currently just above resistance turned support at 124.094 and below here we have sloping trendline support the June 17 low (the two intersect, 20th Aug). Traders not already short EUR / JPY could wait for the aforementioned levels to clear before taking ...

daviso12 daviso12 BTCUSD, 1D,
BTCUSD: The 3 dips are getting shallower each time, BTC may slowly rise.
98 0 1
BTCUSD, 1D
The 3 dips are getting shallower each time, BTC may slowly rise.

In a few days time we may just see a slow reversal of this down trend to an up trend, and not the V shaped dip people expect to confirm the bottom is in. There isn't much appetite (at the moment) to sell or buy on mass to push the price in either direction, even though it would be very easy with the low volume. My previous idea is still holding reasonably ...

BenevolentBadger BenevolentBadger BTCUSD, 1D,
BTCUSD: BTC - Critical Support test coming
49 0 0
BTCUSD, 1D
BTC - Critical Support test coming

Daily chart showing BITTREX:BTCUSDT approaching the bottom of the parallel channel and more importantly, the Weekly bear trend it left back in April. Should bottom of the channel break then there is a good chance of us returning to the overall downward trend that start at beginning of the year. #PrayForBTC

evert.tracks evert.tracks TRYJPY, 240, Short ,
TRYJPY: TRYJPY Downward moves continues (Daily)
16 0 0
TRYJPY, 240 Short
TRYJPY Downward moves continues (Daily)

TRYJPY is still making a downward moves since the beginning of May of this year I am still short on 4 trades CURRENT POSITIONS 03-MAY 07:13 Short @ 26.304 04-MAY 06:11 Short @ 25.821 09-MAY 06:58 Short @ 25.240 16-MAY 07:48 Short @ 24.671 Trailing stop @ 25.059

HowardKoolman HowardKoolman BTCUSD, 1D,
BTCUSD: When is the bottom?
401 0 3
BTCUSD, 1D
When is the bottom?

Very simply - One rising trend-line seems to be dominating and two downward trend-lines. Intersections occurring on 9th July and 19th Aug. Consensus 2018 had little immediate effect on Bitcoin, which I think lead to a bit of a sell off. Price changes on previous Consensus events have been varied, but for some reason people bought into the hype and were left a ...

Jack_Boulevard Jack_Boulevard VIBBTC, 30, Long ,
VIBBTC: VIBBTC BITTREX UPDATE
22 0 2
VIBBTC, 30 Long
VIBBTC BITTREX UPDATE

VIB yet again showing me why it is my fav coin to trade. Another good gain last night/this morning for a 13% profit taken. It is now retracing sharply again and nearing my buy zone. Will be watching closely when it enters this purple area. Starting around the 61.8% fib level.

Jack_Boulevard Jack_Boulevard TRXBTC, 240, Long ,
TRXBTC: TRXBTC BITTREX UPDATE
58 0 0
TRXBTC, 240 Long
TRXBTC BITTREX UPDATE

TRX seems to have been rejected again at the resistance at the 860 area. I am watching very closely for a pull back to the trend line for another entry or if it does break up a potential entry above the previous structure.

Jack_Boulevard Jack_Boulevard TRXBTC, 30, Short ,
TRXBTC: TRXBTC BITTREX SHORT
51 0 0
TRXBTC, 30 Short
TRXBTC BITTREX SHORT

I have been trading TRX the past week or so with some good results. On the 30 min time frame it seems to have formed a possible Elliot wave and started the ABC correction. I have now shorted my position at the above 4 hr resistance and will be looking for a lower entry at around 800 sats or slightly lower on the trend line. Watching very closely! Main net ...

Makeyourownluck Makeyourownluck BTCUSD, 1D, Long ,
BTCUSD: BTCUSD. Can we move it, move it?. I Like to, MOVE IT, MOVE IT
164 0 1
BTCUSD, 1D Long
BTCUSD. Can we move it, move it?. I Like to, MOVE IT, MOVE IT

Come BTCUSD lets break $10k wall. Everyone FOMO in today... Go!!! (kidding)

danbobnix danbobnix CADJPY, 240,
CADJPY: CADJPY Short 4h
34 0 0
CADJPY, 240
CADJPY Short 4h

Further bearish candle forming on the 4h chart, potential to drop to structure- daily trend line or nearby support/resistance zone as possible targets

danbobnix danbobnix AUDJPY, 1D,
AUDJPY: AUDJPY Push to Daily Price Zone
46 0 2
AUDJPY, 1D
AUDJPY Push to Daily Price Zone

Price breaking out of a channel with strong bullish moves from weekly and monthly trend lines; bullish structure on higher time-frames.

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