How to Draw Commodities Trend Lines Technical Analysis
How to Draw Commodities Trendlines on MetaTrader 4 Platform
The MetaTrader 4 commodities software provides commodity charting tools for drawing the commodity trend-lines in MT4 commodity charts. To draw commodity trendlines on a commodity chart on the MT4 platform, commodities traders can use the commodity trend-line plotting tool provided on the MT4 software that is shown on the commodity examples illustrated & described below.
How to Draw Commodities Trend Lines & Technical Analysis of Commodities Trend Lines in Commodity Trading
How to Draw Commodity Trendlines on MT4 Software - How to Draw Commodities Trend-Lines Technical Analysis
To draw commodity trendlines on a commodity chart - just click the MT4 commodity trendline plotting tool above on the MT4 technical analysis software and select point A where you want to start drawing the commodity trend line and then point B where you want the commodity trend line to touch. You can also right-click on commodity trend line and on the commodity trend line properties option select the option to extend its ray by ticking the "ray check box", if you do not want to extend the commodity trendline, then uncheck this option in your MT4 commodities platform - commodity trend line properties. You can also change other commodity trend line properties such as color and width on this commodity trend line property popup window of the commodity trend line properties. You can download MetaTrader 4 commodity & learn how to draw commodity trend lines & learn commodity trend-line technical analysis with it.
Commodities Technical Analysis of Commodities Trend Lines with Examples
There are two technical analysis methods used to trade the commodity trend lines:
- Commodities Trend Line Break
- Commodities Trend Line Bounce
Example 1: Technical Analysis Methods of Commodities Trend Lines
The commodity trendline bounce is a continuation commodity signal where the commodities price bounces off the commodity trend line & continues in same direction as that of the commodities trend.
Commodity Trend-line Bounce Technical Analysis in Commodities Up Trend
- In an upward commodity trend, the commodities price will bounce upwards after hitting this commodity upward trendline level which is the support area.
Commodity Up Trend - Commodities Trendline Bounce after Touching The Support Levels Provided by the Upward Commodities Trend Line
Commodities Upward Commodities Trend - Commodities Trend-Line Bounce Technical Analysis How to Draw Commodities Trend Lines & Technical Analysis of Commodities Trend Lines in Commodity Trading
Commodities Trend-Line Bounce Technical Analysis in Commodities Down Trend
- In a downwards commodity trend, the commodity market will bounce downwards after hitting this commodity trendline level which is the resistance area.
Commodity Down Trend - Commodities Trend-Line Bounce after Touching The Resistance Levels Provided by the Downwards Commodities Trend Line
Commodities Downward Commodities Trend
Example 2: Technical Analysis Methods of Commodities Trend Lines
The commodity trendline break is a commodity reversal trading signal where the commodity market goes through the commodity trend line & starts moving in the opposite direction.
Commodities Up Trend
When a commodity up trend line is broken then sentiment of the commodities market reverses & becomes bearish
Commodities Upward Commodity Trendline Break
Commodity Down Trend
When a commodity down trendline is broken then sentiment of the commodities trading then reverses & becomes bullish
Commodities Downward Commodity Trendline Break
NB: For very strong commodity trends, after this commodity trendline break reversal commodity signal, the commodities price will consolidate for some time before moving in the opposite commodity trend direction. For short term commodity market trends then this commodity trendline break reversal commodity signal will mean commodities price may reverse immediately.
