Here you will find the foundations, absolutely necessary skills that you need to master. There are six components that form the framework of analysis techniques.
Trend lines are drawn to connect highs or lows. Using trend lines will not only help to determine the current trend, but also reveals the possibility of a change in trend. They will form support and resistance levels where traders look for trading opportunities or closing positions.
Every move that the market makes takes place from a level that is based on support and resistance. It can be found in almost every pattern or trade setup.