How to create trendlines with the newer candles those are formed?

<p id="isPasted">To draw trendlines using newer candles, focus on identifying and connecting significant swing points (highs in a downtrend, lows in an uptrend) across the chart. Aim for the trendline to have multiple touches, ideally three or more, to confirm its validity. It's generally better to connect the wicks (upper/lower shadows) of the candles, allowing for more flexibility in the line's placement, says YouTube.&nbsp;</p><p>Detailed Steps:</p><p>1. Identify Swing Points:</p><p>Look for the highest highs (in a downtrend) or lowest lows (in an uptrend) within the chart's timeframe. These points indicate potential trend changes or reversals.&nbsp;</p><p>2. Connect the Points:</p><p>Draw a straight line connecting the identified swing points. Prioritize connecting the wicks (upper/lower shadows) of the candles, allowing the trendline to better fit the price action.&nbsp;</p><p>3. Confirm Validity:</p><p>A trendline is generally considered valid if it has at least three touches (price bounces off the line multiple times), indicating a strong level of support or resistance.&nbsp;</p><p>4. Consider Timeframes:</p><p>Higher timeframes (e.g., daily, weekly) tend to produce more reliable trendlines than shorter timeframes (e.g., 1-minute, 15-minute), says Daily Price Action.&nbsp;</p><p>5. Avoid Forcing the Fit:</p><p>Don't try to force a trendline to fit the chart if it doesn't naturally form a pattern with multiple touches.&nbsp;</p><p>6. Combine with Volume:</p><p>For a more robust analysis, consider using volume data alongside trendlines to confirm their strength and reliability.&nbsp;</p><p>7. Use Tools:</p><p>Tools like LuxAlgo's Price Action Concepts toolkit can help with consistent and objective trendline drawing across different timeframes.</p>

<p id="isPasted">What you can do is use your platform's line drawing tool to connect at least two significant swing highs for a downtrend or swing lows for an uptrend. The trendline should be drawn to encompass as much price action as possible without cutting through the candle bodies and should have at least three touches for confirmation. For newer candles, you will need to adjust the trendline's position by extending it to new highs or lows to maintain its validity and relevance to the current market. &nbsp;</p><p>Steps to Draw Trendlines</p><p>Identify Significant Swing Points: Look for at least two points that represent a clear shift in price direction.&nbsp;</p><p>Uptrend: Connect two or more swing lows (a low point followed by a higher high).&nbsp;</p><p>Downtrend: Connect two or more swing highs (a high point followed by a lower low).&nbsp;</p><p>Select the Trendline Tool: In your trading platform (like TradingView), activate the trendline or ray tool.&nbsp;</p><p>Connect the Points:</p><p>Click on the first significant swing point and then drag the line to the second significant point.&nbsp;</p><p>Use the wicks (or sometimes the bodies) of the candles, but ensure the line doesn't cut through the candle bodies.&nbsp;</p><p>Extend the Trendline:</p><p>As new candles form and break the previous swing points, you will need to adjust the trendline.&nbsp;</p><p>For an uptrend, drag the trendline to new, higher swing lows that occur after the second point.&nbsp;</p><p>For a downtrend, drag the trendline to new, lower swing highs that occur after the second point.&nbsp;</p><p>Check for Validation: A valid trendline should ideally be touched by the price at least three times. The more touches, the stronger the trendline.&nbsp;</p><p>Consider Timeframes: For more reliable trendlines, start your analysis on higher timeframes (like weekly or monthly charts) and then work your way down to lower timeframes to capture the overall trend and its nuances.&nbsp;</p>