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Trend Lines

The trend line is an old and popular chart analysis tool. The programs powerful trend line drawing capabilities, combined with features such as time shift and logarithmic scaling, provide a strong foundation for trend identification.

The uses of trend lines are many and varied. Many books have been written about trend lines and geometric chart formations. Many of these formations are easily constructed but beyond the scope of this manual. Some of the simplest applications of trend lines include:

images/aspen00090000.gif Horizontal Support and Resistance

images/aspen00090000.gif Bullish Support

images/aspen00090000.gif Bearish Resistance

images/aspen00090000.gif Parallel Lines, or Channels

See also:

Entering Trend Line Mode

Drawing a Trend Line

Gann Squares

Gann Time Price Angles

Speed Lines

Fibonacci Retracements

Price Channels

Andrews' Pitchfork

Trend Line Commands

Trend Line Keystrokes