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Vishal from Wreckin Academy discusses the importance of trend lines in spotting market breakouts and breakdowns. In this video, he focuses on the connection between logarithmic and arithmetic charts. The y-axis represents price, with the x-axis showing dates. Arithmetic charts measure price changes in units, while logarithmic charts adjust for percentage changes. The same price distance on an arithmetic chart may not be equivalent, while on a logarithmic chart, the spacing remains consistent.