Volatility Index 75 and Trendlines
Volatility index 75 can traded profitably by drawing Trendlines from one extreme high or low point to another extreme high or low point.
This page will show readers and followers how to plot Trendlines on the V75 chart using different time frames.
Traders can place trades, set take profit and Stop loss on Trendline breakout and price rejection.
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V75 1HR CHART…4TH JAN 2020 (13:54 GMT)
V75 1HR CHART…4TH JAN 2020 (09:52 GMT)
V75 1HR CHART…4TH JAN 2020 (00:12 GMT)
V75 1HR CHART…1ST JAN 2020 (09:30 GMT) IN RANGE MODE…RECENT BOUNCE ON ASCENDING TRENDLINE.
How Plot Trendlines
Trendline object tool can be selected on the MT5 chart as shown in red circles in the image below;
One can plot trendlines from one extreme low point to another as shown below;
The two extreme low points are now connected as shown in image below, However, the trendline projects further to predict possible future price low points.
This process is repeated for the extreme high points as well. The Trendline is always dragged from left to the right as shown below;
Technically, trendlines can connect two extreme high points to predict possible price future high points.
Remember, when plotting trendlines from one extreme point to another, always drag the trendline from the left side of the chart to the right.
Development of candlestick price reversal patterns is very important when spotting price reversals or swings on ascending or descending trendlines.
Price continuation usually happens most of the time on trendline breakout. Price break and close above or below ascending or descending trendlines usually signal trend continuation.
At times, one gets a trendline breakout, retest and trend continuation;
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