Trendlines

The fundamentals of a company give investors reasons to buy their securities. However, technical analysis helps us to:

Make educated predictions about price action (bullish/bearish)
Determine potential entry and exit positions
Determine breakouts and breakdowns in trends and ranges

Trendlines

May be used horizontally to identify price points where price action (candles) have previously used as support or resistance
Often determine when there is a break in a trend (down or upward)
Must have at least three points of support or resistance to be considered a trend

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Using a Marco and Micro Trend approach
Looked for the intraday movement to match the overall market
Used a trendline to determine their entry on the left

Similar to the video on the left, but this video adds confirmation to their bias with a previous level of support break
They also wait for a pullback into the newly formed resistance to make sure that it is not a fakeout or shakeout

Downtrends

Inevitably, all stocks prices fall at some point. Knowing when to get back in the difference between getting in before the rise or trying to catch a falling knife.

Uptrend

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