Trend Lines

trend1.gif (34711 bytes)

trend2.gif (15542 bytes)

TREND LINES are another one of the more easily and quickly recognized technical patterns.
The quicker a pattern is recognized, and the more traders that act upon it, the more reliable the pattern becomes.
The second image above, is a closer view of the trend in the lower left hand corner of the first image.
As noted on the images, the line is drawn below the up trend so that a reversal is easy to spot, as it will have to cross through, below, the trend line.
 
Copyright © 1998  Ray E. Knecht Consulting Services.
All rights reserved.