Little knowledge about the currency circle
How to draw trend lines to judge market conditions:
1. How to draw an upward trend line: The lowest point of the relative lowest lower shadow line is connected to the lowest point of the lower shadow line before the highest price. The more drop points, the more effective the line. Once the upward trend line is broken down, you should sell as soon as possible during the pullback.
2. Downtrend line drawing method: Connect each high point of the downtrend. The more points you take, the more effective it is. As the currency price falls, the angle of the downward trend line becomes more and more gentle and reaches a horizontal trend. At this time, the bottom pattern is broken, which is a buying opportunity.
3. How to draw horizontal trend lines: You can connect each high point to form an upper boundary line, or you can connect each low point to form a lower boundary line. The more points you take, the more effective it is. When the currency price and volume break through the upper boundary line, you can buy it by stepping back. When the currency price falls below the lower trend line, you must sell when you pull back. When the currency price has been running on the horizontal trend line, you can do short-term selling high and buying low.
