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Trendlines are basic technical analysis tools used to identify and confirm trends. They are straight lines that connect two or more price points and are extended into the future to act as lines of support or resistance.
Rising Trendline: This is drawn by connecting two or more ascending low points. The line has a positive slope and acts as a support level during an uptrend, indicating that buying interest is stronger than selling interest.
Falling Trendline: This is drawn by connecting two or more descending high points. The line has a negative slope and acts as a resistance level during a downtrend, indicating that selling interest is stronger than buying interest.