trendline
Noun
Meaning
trendline (plural trendlines)
Alternative spelling of trend line
Synonyms
Anagrams
Examples
After bouncing off the 200-hour MA (blue line) yesterday, topside momentum was capped by the trendline resistance near 1.3050 and we are now seeing price action settle back in between both key hourly moving averages again.
Below is another scatter plot (with a trendline) that shows our reach prediction model applied to a test data set.
Tesla's push above the $340 level brought shares up above trendline resistance for the first time in a year, indicating that the downtrend is over.
Conversely, trendline resistance closely tracks the moving average, currently 47.35.
This data series fluctuates only slightly around its dotted green trendline – even today’s -4.5% reading represents barely a blip.
It works for your argument, but I dont like that it puts the 70s, 80s, and early 90s almost entirely below the trendline.