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Reason for Trendlines? Reason for Trendlines?
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Old 07-13-2008, 06:08 AM
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Join Date: Jul 2007
Posts: 21
Default Reason for Trendlines?
Hi,

Can someone explain why a trendline occurs, I understand how a horizontal line occurs i.e there is a specific price that is supported but how or why does a price get supported on a trendline as price is levels are at differant levels.

Thanks a lot
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Old 07-13-2008, 07:17 AM
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FX-Men Honorary Member
  

Join Date: Aug 2007
Location: UK
Posts: 1,064
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Originally Posted by adtrade View Post
Hi,

Can someone explain why a trendline occurs, I understand how a horizontal line occurs i.e there is a specific price that is supported but how or why does a price get supported on a trendline as price is levels are at differant levels.

Thanks a lot
Trend Lines | 2nd Grade: Support and Resistance | Learn Forex Trading
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