The main secret of any trader's success is their ability to determine trends in real-time and predict the turnaround. One useful tool is utilising the price channel.
The price channel is a price analysation tool that compares price levels between parallel lines.
The Trend Line will allow you to understand these parrallel lines better. You'll be able to understand the most likely points of a price rebound.
When a price for an instrument is approaching the top or bottom line, prepare to create an order in the opposite direction. This is because the trend line will likely rebound.