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>