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Definition

<p style="text-align: justify;">A <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">trendline</span> drawn along the <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">support</span> or <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">resistance</span> points of various reversal and <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">consolidation</span> <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">patterns</span> (i.e., <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">head and shoulders</span>, double and <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">triple top</span>/bottom <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">formations</span>). A break down through the neckline usually indicates a new <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">bear trend</span>.</p>