As you plot the daily closing prices on a chart, you notice a consistent pattern of higher lows and higher highs, indicating an uptrend. Next, you draw a trendline connecting the consecutive ...
and chart patterns before taking any decision on trading. There are two more important trading applications of a trend line A very popular approach in an uptrend is to wait for the price to make a ...
When emerging during an uptrend, this technical setup signals a potential bearish reversal. XRP/USD daily price chart. Source ... while the trendline connecting the lower highs extends downward.