The Art to Draw Correct Trendlines

Hi fellow members of FF,

in this thread on the Art to Draw Correct Trendlines I would like to keep track of market movements as they unfold in building new highs and lows.

Those swingspoints might become a certain meaning after some time.

The art of connecting these swingpoints is very simple but at the same time also very powerful.

It helps to understand the movements better and also helps to make solid decisions for to go long or short.

The charts I will post here will be in the timeframes from 1 month down to 30min.

Fellow members are invited to contribute their own charts of all markets and with all other indicators they like, unless they show also trendlines on their charts.

This thread is not about trading and calls for imminent price action are not given.

The first chart is a 1MN eu

eu 1D

Very true.....drawing the correct trend line is very difficult.

That's the traditional definition of a trendline. And, your two charts are almost identical, in that they present cycles, which each may more easily be explained with a channel with a dividing line in its middle.

I prefer to stuff as much on a line as I can get, especially that such as spinning tops that are naturally balanced, as the middle vertical of opposing angles, and as momentum jumps from their base or finish. The line, whatever one wishes to call it, represents more of the trendline that way.
With this much characterization of a trendline, a unique pattern will repeat with the trendline, for example here, in that if the trendline is slightly violated when bounced off, as in the central trendline and its such pattern in each of the pictures.

Example:

eu 1W with Andrews Pitchfork and trendlines

eu 30 min

i thought i'd share some of my own analysis. let me know what you think.

Very interesting, reminds me of a Darvas Box

added some lines to your version

lol. i like it.

as long as spongebob approves then you are on the right track. (the secret is within the seagull. shh).

trend lines are my favorite indicators.

I found these somewhere on the FF...

[Very interesting, reminds me of a Darvas Box]
Really?They are just boxes, not comic books.
All right,jokes are for everyone.

A good example of how not to draw TLines. If you learn the proper way to draw these things, you will be rewarded. You have to think outside the box to see it.

learn? that implies there is somewhere that teaches this 'proper' way. i suppose if someone gives you the secret mason symbolic gestures you will show them the light?

trendlines redefined

very nice

eu 30min

Gold 1W

You can draw a trendline how you like, but isnt the objective to make some money from it? Could be the subject for another thread, 'how to make money from trendlines, doesnt matter how you draw them'

eurchf 1W

LOL. Glad to see the 'serious' side to this business...