Understanding Daily Chart Trading Terms
Daily chart trading involves analyzing the price action and patterns that occur within a single trading day.
Daily chart trading involves analyzing the price action and patterns that occur within a single trading day.
A trend line is a straight line that connects two or more significant price points on a chart. It helps traders visualize the overall trend and determine the strength and direction of price movements.
A descending trend line is a graphical representation of a downtrend in a financial market. It is formed by connecting a series of lower highs, which indicates a consistent decline in price over time
An ascending trend line is a diagonal line that connects a series of higher swing lows in an uptrend. It serves as a visual representation of the upward momentum in a market, providing traders with valuable insights into potential price movements