Trend-Line Break Reversal Signal
Trendline Break Reversal Signal
The trend-line break is a reversal signal where the market moves through the trendline & starts moving in the opposite direction.
Up Trend
Upward Trendline Analysis - When a up trend line is broken then sentiment of the market reverses and becomes bearish
Up-wards Trend Line Break
Down Trend
Downward Trendline Analysis - when a down trend line is broken then sentiment of the reverses and becomes bullish
Downwards Trend Line Break
NB: for very strong trends, after this trend line break reversal signal, price will consolidate for some time before moving in the opposite trend direction. For short term market trends then this trend line break reversal signal will mean price may reverse direction immediately.
How to Draw Trendline Technical Analysis on MetaTrader 4
The MetaTrader 4 trading platform software provides charting tools for drawing the trend lines in MetaTrader 4 charts. To draw trend-lines on a chart on MT4 trading platform, traders can use trendline drawing tool provided in MT4 platform that is shown on the example displayed & illustrated & shown below.
How Do I Draw Trend Lines & Analysis of Trendlines in Gold
How Do I Draw Trendlines in MT4 - How to Draw Trend Lines Technical Analysis
To draw trend-lines on a chart - just click the MT4 trend line plotting tool above in the MT4 technical analysis software and select point A where you want to start plotting the trend-line & then point B where you want the trend-line to touch. You can also right-click in MT4 trend-line & on the trend line properties option select the option to extend its ray by ticking the "ray check box", if you don't want to extend the trend-line, then uncheck this option in your MT4 trading platform - trend-line properties. You also can change other trend-line properties such as color & width on this trend-line property pop up window of the trendline properties. You can download MetaTrader 4 platform & learn how to draw trend-lines & learn trend line technical analysis with it.
