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Hello, guys.
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You're welcome to this video.
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So in a previous video we discussed about the meaning of gender lines, you discussed about the meaning
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of generalized.
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We said the purpose of a trend line is to identify the historical current of the price movement.
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And to indicate support.
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I was just Duclos.
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Okay.
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Now, in this video, we will be looking at how to draw a descending trendline.
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So let me show you an example of this.
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A new shed light.
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We shouldn't jump off an ascending trendline here.
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No to dry correct.
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You send in trend line and the charts encourage trend line the charts.
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All you have to do is to draw in line honestly, at least two lower highs to draw a correct descending
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trend line.
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All you have to do is to connect at least two lower highs.
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Okay.
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So let me show you an example, guys.
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So when the market is sending trend lines in a trend that are drawn on a downtrend, the.
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Okay.
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So when the market is trending downwards, it's working low values on the new highs.
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These very low values in the lower house.
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Okay.
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The market is going.
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Downwards.
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Down.
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So all you have to do.
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It's too good for him to get on.
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I'm the.
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It's your turn.
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Learn to.
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And that.
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This line.
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Both the lower house and a dungeon.
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Okay.
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You should at least watch.
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Two lower highs, at least two point.
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On the downtrend in markets.
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At least two points tested, both at least to our highs.
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Okay, so guys, let's go to the chart so you can see these on the charts.
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Okay.
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So we are on a USD four watch charts.
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So look very well in front of that.
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This market is trending downwards, is creating lower lows and the lower highs stretch due in low values
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and lower highs.
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ADHD for our chart at this moment, the market is getting low.
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I lose under lower highs, low values and low highs.
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Okay, so to draw a descendant trend line on this bear, all you have to do is to pick up your trendline
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tool, click on it, then drop it above those lower highs.
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This is a correction line.
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Okay.
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I also draw another one like this.
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Also drawn down like this.
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Very well.
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Find out.
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This trend lines I drew on this Johns is connecting athletes to lower highs.
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Okay.
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The first one I do is touching here.
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First touch.
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The second post here.
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The second line drew your first time and the also lost here for the second time, at least two touches.
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Okay, let's look for another down to the market so we can draw a line here and use the again.
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The market is trending downwards.
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Pretty low.
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Values are lower highs.
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The values and lower highs and markets is trending downwards, creating lower lows and lower highs.
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Okay, so to draw a descending trend line on these charts, all you have to do is to draw your line
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above the lower highs.
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You just have to is not imply that the trend line will touch on all the lower house.
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No, it's known.
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What only criteria?
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The only thing it has to touch two places.
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Okay.
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Now the only.
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Do you suppose it are two places?
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So if you check on this trend line, I drew the chart.
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I touched more than three places here, but more than three places.
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Okay.
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Those two.
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Okay.
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We also touched here.
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Okay.
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First 1 to 3 industry places.
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Okay.
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That is a good trendline.
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Trendline for a trend line to be valid.
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He has two thoughts, at least two places.
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Let me look for one more example on ADHD.
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Okay.
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I'm clean as sample on ADHD.
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Let's look for where the market is trending downwards.
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Let's look for where the market is trending.
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That works.
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Okay, Austin, let's go to the U.S..
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Okay.
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Let's do the U.S. on the for what time frame here is also making
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also making lower close and lower highs is in the downtrend, creating the values and the lower house.
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All you have to do is to pick your trend line, too, and connect the lower highs.
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Okay.
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Make sure that it touches at least two points.
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At least two points.
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Good.
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At least two points.
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Yes, it does.
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First time here, that's three times is that she was here and they passed the torch hit.
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Okay.
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Let's look for one more example.
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Does he look at this place?
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The markets is also trending down.
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Was crazy.
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Lower highs and lows.
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Lows on this very low.
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Highs and lows to go trend line the peak or trend line to connect the false points from red to trend
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started connect get any second thoughts any lower high.
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That's the last more obvious okay from here it pushed to places and that is a valid trend line.
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He has to touch at least two places for a trend line to be valid, he has to, but at least two places
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they only look, for example.
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Okay, this is why folks here see that the market is creating lower highs, low value, lower highs.
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The values lower highs.
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No, I lose because in a downtrend, the markets lower highs, global lows.
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Okay.
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All to draw a trend line here goes how to connect a bull to sports has a push to lower highs.
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This is a value trend line.
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It's a very trend line it touched here.
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It does show the first time we passed here.
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Bustier and it also.
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I also push her.
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Also those two guys.
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Okay, so let's stick for on my example charts.
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Let's look at Nzd USD, Nzd USD Buffet and Jock's Nzd is before our charts.
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See how the market is creating lower lows and lower highs.
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Lower, lower and lower has no idea how the market is in a pure downtrend on is the USD the pure downtrend
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on Nzd USD.
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Okay.
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So it's address and line here.
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Yes.
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Have to connect at least two points.
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Okay.
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These two points.
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Those two are the first time thoughts here.
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The second time making it a valid descending ten and then that I draw it down.
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Trending markets.
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Okay, so that is it, guys.
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So I get your charts and look for downturns.
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Try to connect at this point and try to go the trend line.
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At least two points here in the markets here.
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Next, two points.
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Okay.
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First of all, it was here.
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Second thought was here.
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That's a valid descending trendline.
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Okay.
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So that is it falls under trendline.
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So in our next video, we're talking about ascending tonight.
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Thank you guys for watching.
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I'll see you in the next video.
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Bye.
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