Updated: Jan 27, 2022
You get two kinds of trends in the market a Uptrend and Downtrend, you can use your trendlines as lines of support or resistance. We already looked at support and resistance. It is important to rather trade with the trendline than against a trendline.
Upward trends have a higher high (HH) and higher low (HL). You will use this as an opportunity to buy on a higher low (HL) or put in stop losses for a buy option.
Downtrend have a lover high (LH) and a lower low (LL). You will use this to either sell your shares or put in a short sell position to make profit from shares moving downwards.
Know the road your travelling on :-)