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Trendline
Technical AnalysisA diagonal line connecting two or more swing highs (downtrend) or swing lows (uptrend). A valid trendline needs at least 2 touches, with 3+ providing confirmation. Breaks signal potential trend change.
Related Terms
Channel
Two parallel trendlines that contain price action.
Support
A price level where buying pressure tends to overcome selling pressure, causing the price to stall or bounce upward.
Resistance
A price level where selling pressure tends to overcome buying pressure, causing the price to stall or reverse downward.