There are many types of trends in the market such as,
*Uptrend– When the price moves up overall (with a little downward movement while going up), higher highs and higher lows are formed in an uptrend.
*Downtrend– When the price moves down overall (with a little upward movement while going down). Lower lows and lower highs are formed in a downtrend.
* Trendline break can also be used to conform to trend reversal.
* Sideways Market– When the price moves between the range of Support & Resistance (Horizontal Lines).
Types Of Trends and their Meaning:
1)What is an Uptrend?
An uptrend describes the price movement of stocks or financial assets when the overall direction is upward.
2)What is a Downtrend?
A Downtrend describes the price movement of stocks or financial assets when the overall direction is downwards.
3) What is Higher High?
When a stock makes a high level, and the next high is above the previous high, it is called a Higher High.
4) What is Higher Low?
When a stock makes a low level, and the next low is above the previous low, it is called a Higher Low.
5) What is Lower High?
When a stock makes a high level, and the next High is below the previous High, it is called a Lower High.
6) What is Lower Low?
When a stock makes a low level, and the next low is below the previous low, it is called a Lower Low.
* Impulsive and Corrective Waves in Uptrend Market.
* Impulsive and Corrective Waves in Downtrend Market.
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