Trade Using Down Trendlines
Downward trend lines in index trading highlight resistance and support levels as stock prices decline, as demonstrated in detailed examples presented below.
Downwards Trend-Line Technical Analysis
Series of Falling Support Areas and Resistance Levels - How Can You Use Indices Trade a Trend Line in Trend Trading
Smaller areas where a stock's price finds pushback or support will rapidly create several levels of support and pushback in the near future: they will also speedily go beyond these support and pushback points in a falling trend as illustrated and presented on the example trend lines described here.
Downward Trend-Line: The setup of this downward trendline represents minor support and resistance levels that create a sequence of levels trending downwards.

Downward Trend-Line Chain of Support and Resistance Points - How to Trade a Trend-Line in Stock Indices?
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