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Vishal from Wreckin Academy discusses the importance of trend lines in spotting major market breakouts and breakdowns. In this video, he explores the differences between logarithmic and arithmetic charts and their connection to trend lines. The y axis represents price, with the x axis showing dates. Arithmetic charts measure price changes in equal units, while logarithmic charts adjust for percentage changes. By switching to a logarithmic chart, the spacing between price levels becomes more uniform, providing a better perspective on price movements.