Investopedia Academy Technical Analysis Lesson 58 Trend Lines The Kickback

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Interested in trading Cryptocurrencies: Sign up for Binance and receive 20% of your fee's back. • SIGN UP FOR BINANCE NOW - https://bit.ly/3txgJfW • • Lesson 5.8 - Trend Lines - The Kickback • • Subtitles: • • So you'll notice that these trend lines I'm using daily bar charts i am using weekly candlestick charts we could be using line charts the idea is to use them all they all serve a purpose okay so we're incorporating these trend lines in this case we're looking at gold below a downtrend line here we're looking at the regional bank exchange traded fund KRE this is an ETF that tracks a basket of regional banks in the united states and i think this is a great example of starting the uptrend line not from the absolute low but from the second low okay again this is not an exact science it's an art so the uptrend line from the absolute low didn't make much sense the market didn't really react to that uptrend line so we want to let the market dictate how we draw our trend lines in this case clearly from the second low we're looking at the low and regional banks in the first quarter of 2016 found support again in the spring found support again later on in may and then the uptrend line in regional banks broke in June of 2016. what i want to talk about here is the kickback okay we get that kickback a lot so in this case we have a beautiful uptrend buyers came in buyers came in buyers came in buyers tried to come in and failed so the uptrend line in regional banks was broken in June notice how the market went back and retested that broken up trend line we want to be fading it we want to be selling into that that's that last opportunity to sell we get that kickback a lot and in this case that last opportunity if you didn't take it you got washed out so when we originally break the downtrend line or in this case the uptrend line we want to be fading the kickback when markets are breaking down trend lines we want to be buying that kickback you. • • Technical analysis,technical analysis for beginners,technical analysis forex,technical analysis cryptocurrency,technical analysis tutorial for beginners,technical analysis of stocks,technical analysis for options trading,technical analysis course,technical analysis for dummies,technical analysis secrets,technical analysis chart patterns,technical analysis tutorial for begginers,technical analysis for begginers,technical analysis vs fundametal analysis

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