A horizontal trend line drawn at a market high renders a resistance line, or the price level at which overbought conditions exist. Similarly, a horizontal trend line drawn at a market low renders a resistance line, or the price level at which oversold conditions exist. Horizontal trend lines are also useful for establishing a base line for price channels. To draw a horizontal trend line, follow these steps: 1. Display the Trend Line Functions menu. 2. Select Horizontal. The trend line cursor changes to a pencil. 3. Move the pencil to the price level at which you want to draw a horizontal trend line. 4. Mark the price level at which you want to draw a horizontal trend line. 5. Press The system prompts you to give a price, date, or time. 6. Type a price, a date, and/or a time, and press 7. Insert the horizontal line. Click the left mouse key. Press A horizontal trend line is drawn at the price level you marked.Drawing Horizontal Trend Lines
Drag the mouse. Press the arrow keys.