Uptrend and downtrend lines not only indicate market direction but also act
as levels of support and resistance. In a downtrend, trend lines are future
locations where the market may bounce back down. In an uptrend,
trend lines are future locations where the market may bounce back up.
Either way, they are just another little piece of the puzzle that increases the
probability of a continued move. The key is to always look for that convergence,
along with a trend line bounce in the direction of a trend.
The following are always great tools to use when determining when to
enter this market: