How to Draw Commodities Trend Lines Technical Analysis
How to Draw Commodities Trend Lines on MetaTrader 4 Commodity Trading Software
The MetaTrader 4 commodities trading platform provides commodity charting tools for drawing the commodity trend lines on MetaTrader 4 commodity charts. To draw commodity trend lines on a commodity chart on the MT4 commodities trading platform, commodities traders can use the commodity trend line drawing tool provided on the MetaTrader 4 software that is shown on the commodity example illustrated and explained below.
How to Draw Commodities Trend Lines and Technical Analysis of Commodities Trend Lines in Commodity Trading
How to Draw Commodity Trend Lines on MT4 Commodity Trading Platform - How to Draw Commodities Trend Lines Technical Analysis
To draw commodity trend lines on a commodity chart - just click the MT4 commodity trend line drawing 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 the 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 trend line, then uncheck this option in your MT4 commodities trading 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 and learn how to draw commodity trend lines and 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 trend line bounce is a continuation commodity signal where the commodities price bounces off the commodity trend line and continues in the same direction as that of the commodities trend.
Commodities 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 trend line level which is the support level.
Commodities Up Trend - Commodities Trend Line Bounce after Touching The Support Levels Provided by the Upwards Commodities Trend Line
Commodities Upward Commodities Trend - Commodities Trend Line Bounce Technical Analysis How to Draw Commodities Trend Lines and Technical Analysis of Commodities Trend Lines in Commodity Trading
Commodities Trend Line Bounce Technical Analysis in Commodities Down Trend
- In a downward commodity trend, the commodity market will bounce downwards after hitting this commodity trend line level which is the resistance level.
Commodities 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 trend line break is a commodity reversal trading signal where the commodity market goes through the commodity trend line and starts moving in the opposite direction.
Commodities Up Trend
When a commodity up trend line is broken then the sentiment of the commodity market reverses and becomes bearish
Commodities Upward Commodity Trend Line Break
Commodities Down Trend
when a commodity down trend line is broken then the sentiment of the commodity reverses and becomes bullish
Commodities Downward Commodity Trend Line Break
NB: For very strong commodity trends, after this commodity trend line 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 trend line break reversal commodity signal will mean commodities price may reverse immediately.
