Constructed by connecting a series of descending peaks or ascending troughs. The more times a trend line has been touched increases the significance of a break in the trend line. It can act as either support or resistance. An uptrend line is a straight line connecting successive reaction lows. While a downtrend line is the reverse of an uptrend line.
A trend line is the line of best fit drawn to illustrate the type and direction of statistical relationship, or correlation, found between two covariates in a descriptive statistic called a scattergram.
a line on a stock graph that connects a series of highs or lows to delineate an uptrend (representing support) or a downtrend (representing resistance).