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Igor

Trendlines Definition

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Traders can use the trend line tool on their trading platform to connect areas where the candlesticks make highs and lows. In order for a line drawn this way to constitute a true trend line, it must cut across at least two or three areas of price highs and lows. Trend lines are used in detecting channels, as well as chart patterns like wedges and triangles. They are a very important tool in technical analysis.

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