How to Draw and Use Trend Lines | Greg Schnell, CMT (09.22)
In this timeless video, Greg works through whether to use candlesticks, bar charts or line charts. Should the trend line use the wicks or the candlestick bodies? See how to use horizontal lines for support and resistance. Moving averages are demonstrated to help a user decide what is their time frame. Greg rolls through Keltner bands and chandelier stops.
On the video, he also shows why some charts may look different when being shown. The log scale vs. arithmetic scale debate is outlined to help users set the chart the way they like to see it. Greg demonstrates total return charts vs. unadjusted charts.
All of these elements can change how the trend lines are drawn and used. You'll find this to be an action packed 1/2 hour of information.
Connect with Greg -
Twitter, @SchnellInvestor: https://twitter.com/Schnellinvestor