Major Trend lines

[Denis Tarrant]

At what point do i start to put in the major trend line?

[Rich Fitton]

Hi Denis, you can just start connecting the high/low points you see on the chart with the swing points that come afterwards and continue to adjust them as the price prints new highs or lows. It’s the price action of the market itself which dictates major trend or countertrend. What begins as a countertrend line can naturally become the new major trend as the price action develops.

[Denis Tarrant]

Thanks Rich. That’s clarified that very well thank you.

Denis

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