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There are three main types of trendlines that traders commonly use in technical analysis:

Uptrend line: An uptrend line is a diagonal line that connects a series of higher lows on an asset’s price chart. This type of trendline is used to identify a bullish trend, where prices are generally rising over time.
Downtrend line: A downtrend line is a diagonal line that connects a series of lower highs on an asset’s price chart. This type of trendline is used to identify a bearish trend, where prices are generally falling over time.
Sideways trendline: A sideways trendline, also known as a horizontal trendline, is a straight line that connects a series of highs or lows that are relatively equal in price. This type of trendline is used to identify a range-bound market, where prices are moving sideways within a certain price range.
It’s important to note that trendlines are not always perfect, and there may be instances where they are broken or temporarily violated. However, they can still be a useful tool for identifying overall trends and potential trading opportunities.
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