How To Draw The Perfect Trend Line #shorts

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Trend lines can be tricky. Here are some simple rules to follow to insure you are drawing the best trend lines you can possibly draw. Enjoy! #shorts

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*None of this is meant to be construed as investment advice, it's for entertainment purposes only. The links above include affiliate commissions or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.

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I FINNALLY just realease my private buy/sell indicator. Check it out!

TradingLabOfficial

So accurate!! Great job on the video !!

motonationarmy

There is a correct way to draw trend lines. Technically you can draw them anyway you want but there is a specific way that yields the highest accuracy

Up trends are only use The bottom wicks of distribution candles (red)

Downtrends only use the top wicks of accumulation candles (green)

The only time you adapt a trendline is when you get a hard closed by the bottom of a candle for that same type of trend. Meaning the bottom of a distribution candle has to Open and close outside of the trend in order to confirm the trend adaptation. And the same is true for down trends and accumulation candles

There cycles of accumulation and distribution. Trends are created when the stock is attempting to end distribution or end accumulation and fails to touch or test a previous resistance level. The cycle generally has 5 parts And when the fifth part breaks is when you have those large moves

joshuadavis

Trendlines are subjective, everyone draws them differently. Horizontals are more objective which can be better respected. (Horizontal support/Res, daily/weekly opens, pocs...etc)

Darrylx

Nowadays trendlines are used as fuel of market as liquidity

flexgaming

The degrees of the trendlines vary on the scale of both the price and time so that measure is ridiculous and pointless

GuNzTaa

There will always be new retail traders to feed the algos. Thanks for being part of the machine.

davidmiller-zfzl

The problem with using angles to define a trendline (e.g. - 30 degrees, 45 degrees, etc.) Is that the angle is TOTALLY dependent on how you zoom/stretch your view of the charts. I can make any trendline, say, 45 degrees by stretching my chart view horizontally and/or vertically. That is something that is dependent on personal viewing preferences.

AlJaques

Thanks- we always appreciate your youtube shorts

netgameadviser

When you stretch scale, angle changes lol😁

Ilker

Awesome job on the video explaining this.
Thanks

prabhattiwari

Not sure on the degrees point. Degrees on charts are relative anyway because you can change the scale of one axis without changing the other, which will cause angles to change..

dillonroller