How to Draw Indices Trend Lines and Technical Analysis of Indices Trend Lines in Indices Trading
How to Draw Indices Trend Lines on MT4
The MT4 platform provides indices charting tools for drawing the indices trend lines on MetaTrader 4 stock indices charts. To draw indices trend lines on a stock indices chart on the MetaTrader 4 platform, stock indices traders can use the indices trend line drawing tool provided on the MT4 software that is shown on the stock indices trading example explained and illustrated below.
How to Draw Indices Trend Lines and Technical Analysis of Indices Trend Lines in Indices Trading
How to Draw Indices Trend Lines on MT4 - How to Draw Indices Trend Lines Technical Analysis
To draw indices trend lines on a stock indices chart - just click the MetaTrader 4 indices trend line drawing tool above on the MT4 technical analysis software and select point A where you want to start drawing the indices trend line and then point B where you want the indices trend line to touch. You can also right click on the indices trend line and on the indices trend line properties option select the option to extend its ray by ticking the "ray check box", if you do not want to extend the indices trend line, then uncheck this option in your MetaTrader 4 platform -indices trend line properties. You can also change other indices trend line properties such as color and width on this indices trend line property popup window of the indices trend line properties. You can download MT4 stock indices trading and learn how to draw indices trend lines and learn indices trend line technical analysis with it.
Indices Technical Analysis of Indices Trend Lines with Examples
There are two technical analysis methods used to trade the indices trend lines:
- Indices Trend Line Break
- Indices Trend Line Bounce
Example 1: Technical Analysis Methods of Indices Trend Lines
The indices trend line bounce is a continuation stock indices signal where the stock indices price bounces off the indices trend line and continues in the same direction as that of the indices trend.
Indices Trend Line Bounce Technical Analysis in Indices Up Trend
- In an upward indices trend, the stock indices price will bounce upwards after hitting this upward indices trend line level which is the support level.
Indices Up Trend - Indices Trend Line Bounce after Touching The Support Levels Provided by the Upwards Indices Trend Line
Indices Trend Line Bounce Technical Analysis How to Draw Indices Trend Lines and Technical Analysis of Indices Trend Lines in Indices Trading
Indices Trend Line Bounce Technical Analysis in Indices Down Trend
- In a downward indices trend, the stock indices trading market will bounce downwards after hitting this indices trend line level which is the resistance level.
Indices Down Trend - Indices Trend Line Bounce after Touching The Resistance Levels Provided by the Downwards Indices Trend Line
Indices Trend Line Bounce Technical Analysis How to Draw Indices Trend Lines and Technical Analysis of Indices Trend Lines in Indices Trading
Example 2: Technical Analysis Methods of Indices Trend Lines
The indices trend line break is a stock indices reversal trading signal where the stock indices trading market goes through the indices trend line and starts moving in the opposite direction.
Indices Trend Line Break Technical Analysis
When a indices up trend line is broken then the sentiment of the stock indices trading market reverses and becomes bearish
How to Draw Indices Trend Lines and Technical Analysis of Indices Trend Lines in Indices Trading
Indices Trend Line Break Technical Analysis
when a indices trading down trend line is broken then the sentiment of the indices trading reverses and becomes bullish
How to Draw Indices Trend Lines and Technical Analysis of Indices Trend Lines in Indices Trading
NB: for very strong indices trends, after this indices trend line break reversal indices trading signal, the stock indices price will consolidate for some time before moving in the opposite indices trend direction. For short term stock indices market trends then this indices trend line break reversal stock indices signal will mean stock indices price may reverse immediately.
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