
TRENDLINESTrends always end, and some of the same approaches used to  determine  trendcan be used to confirm a trend reversal. Trendlines are also  very  powerfulconfirmers of trend reversals.
Chart 19 - The Chart below shows trendlines  on  a  daily  chart.  The  two-uptrend lines are drawn across Trading Cycle bottoms and  their  penetrationconfirms the top of the larger weekly  cycles.  Upside  penetration  of  thedowntrend lines confirms the bottom of the weekly cycle.  The  weekly  cycleaverages 21 weeks and once the downtrend lines are penetrated a  sizable  upmove can be expected.      Downside penetration of the uptrend lines  is  different  because  thecycles have moved up for close to 20 weeks (in bullish  right  translation),and a relatively short  decline  into  the  weekly  cycle  bottom  would  beexpected.