This is how trendline works in the chart. Identifying the Data Points: A trendline is based on the data points plotted on a graph. For example, in stock trading, these points would represent the price of a stock at different times.
Types of Trendlines:
Upward Trendline (Bullish): This line is drawn by connecting lower points (lows) of the data, and it slopes upward. It shows that the values are generally increasing over time.
Downward Trendline (Bearish): This line connects higher points (highs) of the data, and it slopes downward. It indicates a decreasing trend over time.
Horizontal Trendline: This line is drawn when there is no significant upward or downward movement, indicating that the data points are relatively stable over time.