I read somewhere before that a trader in the USA made a lot of money over the years using only trendlines in his technical analysis. Yes, only trendlines. Nothing else. This hints at the importance of trendlines and how they have an indispensable role in anyone's charting efforts. After all, don't we hear people saying stuff like "the trend is our friend" and "don't go against the trend"? The word "trend" keeps popping up in technical analysis. So, we must know how to recognise trends if we want to improve our chances of success trading in the stock market. If we look at Marco Polo Marine, it is obvious that the downtrend was broken towards the end of 2012  and it is now on an uptrend. Drawing trendlines, we would see that its current uptrend is in two parts: an earlier trendline with a gentler gradient which I have labelled ......