All language subtitles for 1. What Is A Trendline

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These are the user uploaded subtitles that are being translated: 1 00:00:19,650 --> 00:00:20,610 Hello, guys. 2 00:00:22,170 --> 00:00:23,490 You're welcome to this video. 3 00:00:24,420 --> 00:00:33,690 So in our previous video, we discussed about support and resistance in a downtrend in markets. 4 00:00:35,240 --> 00:00:38,300 We said that the lower high. 5 00:00:39,260 --> 00:00:42,080 Is resistance while the low are low. 6 00:00:42,740 --> 00:00:44,150 Is this approach. 7 00:00:44,720 --> 00:00:48,170 We also discuss about support and resistance in an uptrend in markets. 8 00:00:49,010 --> 00:00:54,470 We said that the higher high is resistance and the higher low easy supports. 9 00:00:54,680 --> 00:00:55,010 Okay. 10 00:00:55,580 --> 00:01:00,080 So in this video, we will be talking about a new topic. 11 00:01:00,860 --> 00:01:01,280 Okay. 12 00:01:04,830 --> 00:01:08,370 And that topic is trend lines. 13 00:01:08,640 --> 00:01:09,080 Okay. 14 00:01:09,840 --> 00:01:12,360 What is a trend line, guys? 15 00:01:12,380 --> 00:01:13,560 What is a trend line? 16 00:01:14,760 --> 00:01:17,700 A trend line is a line that connects. 17 00:01:18,740 --> 00:01:21,500 Significant lows in an uptrend. 18 00:01:22,550 --> 00:01:30,110 And they connect significant highs in a downtrend, creating support and resistance. 19 00:01:31,130 --> 00:01:31,520 Okay. 20 00:01:32,210 --> 00:01:40,910 A trend line is in line that connect significant lows in an uptrend and the converge significant highs 21 00:01:40,910 --> 00:01:45,200 in a downtrend creating resistance and supports. 22 00:01:46,790 --> 00:01:57,170 The purpose of a trend line is to identify the historical trends of the price movement and to indicate 23 00:01:57,170 --> 00:01:58,760 support and resistance. 24 00:02:00,560 --> 00:02:08,240 The purpose of a trend line is to identify the historical trend of the price movements and to indicate 25 00:02:08,240 --> 00:02:09,770 support and resistance. 26 00:02:10,040 --> 00:02:13,760 Okay, so guys, we have two types of trend lines. 27 00:02:14,390 --> 00:02:20,780 We have ascending trend line and a descending trend line. 28 00:02:21,170 --> 00:02:21,440 Okay. 29 00:02:22,250 --> 00:02:28,970 And ascending red line is a trend line drawn to connect the high values in an uptrend. 30 00:02:29,770 --> 00:02:30,080 Okay. 31 00:02:30,410 --> 00:02:38,060 Ascending trend line is always used to connect the high lows in an uptrend, while a descending line 32 00:02:38,060 --> 00:02:43,340 is used in a downtrend to connect the lower high. 33 00:02:43,940 --> 00:02:44,360 Okay. 34 00:02:45,340 --> 00:02:45,700 Okay. 35 00:02:45,920 --> 00:02:52,610 So let me show you a diagram of an ascending trend line. 36 00:02:52,640 --> 00:02:56,090 This is a diagram of an ascending trend line. 37 00:02:56,470 --> 00:03:04,050 And finally, I hear that the market is making higher highs and high values here. 38 00:03:04,070 --> 00:03:11,300 The market is making higher highs and lows, creating higher highs and lows going upwards. 39 00:03:12,060 --> 00:03:12,300 Okay. 40 00:03:12,380 --> 00:03:16,240 And you find that there is this black line below each. 41 00:03:16,400 --> 00:03:19,520 This black line below is represent a trend line. 42 00:03:20,100 --> 00:03:29,310 You see a line drawn to connect significant high values in an alternative market. 43 00:03:29,310 --> 00:03:29,660 Defined. 44 00:03:29,660 --> 00:03:30,260 Find this. 45 00:03:30,350 --> 00:03:31,610 These are the values. 46 00:03:31,850 --> 00:03:32,120 Okay. 47 00:03:32,960 --> 00:03:34,330 These are the values. 48 00:03:36,030 --> 00:03:37,730 That's an example of ascending trend line. 49 00:03:37,970 --> 00:03:41,840 Dixon here is an example of a descending trend line. 50 00:03:42,590 --> 00:03:49,310 You find here that the market is making lower lows and lower highs and lower and lower highs and lows 51 00:03:49,310 --> 00:03:50,220 and lower highs. 52 00:03:50,300 --> 00:03:52,820 And whether is making lower and lower highs here. 53 00:03:53,630 --> 00:03:54,040 Okay. 54 00:03:55,360 --> 00:03:55,930 On Sunday. 55 00:03:55,930 --> 00:03:58,090 I drew a line here. 56 00:04:00,760 --> 00:04:05,530 I drew a line here connecting these lower highs here. 57 00:04:05,710 --> 00:04:13,510 Trend line is a line drawn to connect the lower highs and head down to the markets. 58 00:04:13,920 --> 00:04:14,200 Okay. 59 00:04:15,190 --> 00:04:16,180 It's not a most. 60 00:04:16,210 --> 00:04:17,590 That's the trend line. 61 00:04:17,800 --> 00:04:27,220 What connects all the whole lower highs and in down to New Madrid or the whole high losin in an uptrend 62 00:04:27,280 --> 00:04:27,670 market? 63 00:04:28,120 --> 00:04:30,000 It has to connect at least to. 64 00:04:31,000 --> 00:04:34,110 It has to touch at least to lower highs. 65 00:04:34,110 --> 00:04:38,590 And that down to the market and to lower highs in an uptrend, a market to be valid. 66 00:04:38,860 --> 00:04:39,160 Okay. 67 00:04:39,880 --> 00:04:43,180 So does this for the mean of a trend line? 68 00:04:44,140 --> 00:04:45,610 I'll see you guys in as we. 69 00:04:46,300 --> 00:04:51,430 So guys in on as we will be talking about how to draw a descending trend line. 70 00:04:52,150 --> 00:04:52,510 Okay. 71 00:04:53,080 --> 00:04:59,140 And after that, we'll talk about how to draw an ascending trendline. 72 00:04:59,290 --> 00:04:59,620 Okay. 73 00:05:00,190 --> 00:05:01,270 I'll see you guys. 74 00:05:01,270 --> 00:05:06,010 And then as we do, don't think of ourselves, guys, but. 5862

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