Draw trendlines
when looking at the chart below we can see areas where prices be making Halo's.
We can draw a diagonal line to connect those local areas where price dropped and bounced back up the
diagonal line is called suport trend line or lower trend line.
Every time the price tries to move lower by years support are there to push the price back up.
When looking at the chart below we can see areas where prices were making lower highs.
We can therefore they are going line to connect those up in areas where price reached and bounce back
down.
The diagonal line is called resistance line or descending trend line.
Every time the price tries to move higher sellers resistance are there to push the prospect the is the
general guideline.
The longer a trend line is in the more times has been tested the more relevant that trend line becomes
when the trend line is broken.
It becomes a strong breakout signal.