A trend line is a straight line that connects two or more price points on a chart. It is used to help determine the direction of a trend and can be used to make predictions about future price movements.
Here are a few quick check questions about trend lines:
1. What is the purpose of a trend line?
2. How many price points are needed to draw a trend line?
3. How can trend lines be used to make predictions about future price movements?
4. What are some common types of trend lines?
5. How do you determine if a trend line is valid or reliable?
6. Can trend lines be used on any type of chart, or are they specific to certain types of assets or markets?
These questions can help you assess your understanding of trend lines and their role in technical analysis.
Trend lines quick check
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