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Hello, guys.
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You're welcome to this video.
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So in our previous video, we discussed about support and resistance in a downtrend in markets.
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We said that the lower high.
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Is resistance while the low are low.
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Is this approach.
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We also discuss about support and resistance in an uptrend in markets.
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We said that the higher high is resistance and the higher low easy supports.
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Okay.
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So in this video, we will be talking about a new topic.
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Okay.
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And that topic is trend lines.
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Okay.
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What is a trend line, guys?
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What is a trend line?
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A trend line is a line that connects.
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Significant lows in an uptrend.
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And they connect significant highs in a downtrend, creating support and resistance.
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Okay.
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A trend line is in line that connect significant lows in an uptrend and the converge significant highs
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in a downtrend creating resistance and supports.
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The purpose of a trend line is to identify the historical trends of the price movement and to indicate
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support and resistance.
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The purpose of a trend line is to identify the historical trend of the price movements and to indicate
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support and resistance.
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Okay, so guys, we have two types of trend lines.
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We have ascending trend line and a descending trend line.
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Okay.
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And ascending red line is a trend line drawn to connect the high values in an uptrend.
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Okay.
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Ascending trend line is always used to connect the high lows in an uptrend, while a descending line
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is used in a downtrend to connect the lower high.
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Okay.
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Okay.
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So let me show you a diagram of an ascending trend line.
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This is a diagram of an ascending trend line.
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And finally, I hear that the market is making higher highs and high values here.
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The market is making higher highs and lows, creating higher highs and lows going upwards.
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Okay.
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And you find that there is this black line below each.
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This black line below is represent a trend line.
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You see a line drawn to connect significant high values in an alternative market.
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Defined.
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Find this.
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These are the values.
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Okay.
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These are the values.
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That's an example of ascending trend line.
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Dixon here is an example of a descending trend line.
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You find here that the market is making lower lows and lower highs and lower and lower highs and lows
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and lower highs.
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And whether is making lower and lower highs here.
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Okay.
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On Sunday.
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I drew a line here.
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I drew a line here connecting these lower highs here.
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Trend line is a line drawn to connect the lower highs and head down to the markets.
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Okay.
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It's not a most.
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That's the trend line.
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What connects all the whole lower highs and in down to New Madrid or the whole high losin in an uptrend
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market?
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It has to connect at least to.
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It has to touch at least to lower highs.
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And that down to the market and to lower highs in an uptrend, a market to be valid.
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Okay.
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So does this for the mean of a trend line?
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I'll see you guys in as we.
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So guys in on as we will be talking about how to draw a descending trend line.
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Okay.
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And after that, we'll talk about how to draw an ascending trendline.
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Okay.
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I'll see you guys.
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And then as we do, don't think of ourselves, guys, but.
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