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. |