Part 4/9:
Identify Points: The lowest low serves as Point A, while the next higher low becomes Point B for drawing an upward trend line. Ensure that Point B does not intersect with prior price, as this could invalidate the line.
Modify on Lower Time Frames: Continue this process as you shift down through time frames—from monthly to weekly, then daily, and finally to shorter frames like the 4-hour and 1-hour. Each time frame provides the opportunity to refine your trend lines further, painting a clearer picture of price movements.
Drawing Downward Trend Lines: To establish downward trend lines, identify the highest point as Point A and the next lower high as Point B, using the same method of ensuring there’s no intersection by price.