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Trend Lines

Defined as diagonal or sloping lines that join high points together or low points together

Trend lines were discussed in the ‘Trend’ module; however they can also be used as a trigger tool. If a trend line has been established by at least two points of reference (2 highs for a down trend, or 2 lows for an uptrend), then if price tests the trend line again you have a possible support or resistance point (and a possible end to the correction).

The break of the trend line created by the pullback, can be used as a trigger

 

 

Move on to Step 4 - Module 2 > Trading System Builder Tool Kit: Trading Rules > Trigger: Divergence

 

  

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