A thread 🧵
How to draw trendline & how its useful
In Technical analysis
Here it's application 👇
➡️It is formed when a diagonal line can be drawn between a minimum of three or more price pivot points.
And that all three points must tested equally.
example 👇 #sis
➡️ Trendline is mainly useful for identifying trend 👇
⚡Uptrend - #happiestmind
⚡Downtrend - #bluedart
➡️ It's also act as support & resistance.
Ex - ⚡ #happiestmind
⚡ #omaxe
➡️ It is also useful big trend changing move 🚀
⚡ #godfryphilps is also consolidating from 7 years now it's trend going to change after trendline BO
Hope this thread helpful 🙏 to inhance ur knowledge 📚
For more learnings you can check my youtube videos 👇
You can also join my free telegram for daily updates 👇t.me/lifeandtrading…
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