Tuesday, February 2, 2010

How to draw a trendline

A upward trend is when a high is followed by a higher high and a low by a lower low and opposite for a downward trend. A trend line is drawn at the lows for a upward trend and at the highs for a downward trend.



Example of how to draw a upward trendline:

http://www.investopedia.com/university/technical/techanalysis3.asp

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