Trendline can act as market behaviour same as SNR.
Say whattt? How come trendline can act the same as SNR? The answer is yes, their behaviour is the same.
Only the way find the trendline setup is different. The concept is still the same. Below are among the types of SNR :-
Trendline :-
- Major Trendline ( We will draw the trendline on higher timeframes H4,D1,W1 & MN)
- Minor Trendline ( We will draw the trendline on lower timeframes M1,M5,M15,M30 & H1)
- Trend Trendline ( We will draw the trendline on higher timeframes to get the current market trend BULLISH TREND/BEARISH TREND)
- Support Trendline(Any tf)
- Resistance Trendline(Any tf)
- Support becomes Resistance Trendline, SBR(Any tf)
- Resistance becomes Support Trendline, RBS(Any tf)
You have to take note of these types of trendline because all of them will be used. Not a single one of them that won’t be used. So read and try to understand the introduction of trendline.
Say whattt? How come trendline can act the same as SNR? The answer is yes, their behaviour is the same.
Only the way find the trendline setup is different. The concept is still the same. Below are among the types of SNR :-
Trendline :-
- Major Trendline ( We will draw the trendline on higher timeframes H4,D1,W1 & MN)
- Minor Trendline ( We will draw the trendline on lower timeframes M1,M5,M15,M30 & H1)
- Trend Trendline ( We will draw the trendline on higher timeframes to get the current market trend BULLISH TREND/BEARISH TREND)
- Support Trendline(Any tf)
- Resistance Trendline(Any tf)
- Support becomes Resistance Trendline, SBR(Any tf)
- Resistance becomes Support Trendline, RBS(Any tf)
You have to take note of these types of trendline because all of them will be used. Not a single one of them that won’t be used. So read and try to understand the introduction of trendline.
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