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The Basics of Technical Analysis

DRAWING TRENDLINES

The basic trendline is one of the simplest technical tools employed by the trader, and is also one of the most valuable in any type of technical trading.

For an up trendline to be drawn, there must be at least two low points in the graph where the 2nd low point is higher than the first.

A price low is the lowest price reached during a counter trend move.

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