Technical analysis
Trendline
A trendline connects several lows (or highs) to visualize a price's direction on a chart.
A trendline connects several lows (or highs) to visualize a price's direction on a chart.
Drawn under the lows in an uptrend, it acts as dynamic support; above the highs in a downtrend, as resistance. Its break can signal a trend change.
Price bounces three times off an upward trendline, then breaks it: a warning sign.
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