ππ How to Identify Trends on Charts #technicalanalysis
8β¬οΈ An uptrend is characterized by a series of "Higher Highs" and "Higher Lows."
"Higher High" refers to the swing high that is higher than the previous swing high.
"Higher Low" refers to the swing low that is higher than the previous swing low.
βοΈ When the price moves with no clear direction and consolidates between levels of support and resistance, it is known as a sideways trend.
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β¬οΈ A downtrend is characterized by a series of "Lower Highs" and "Lower Lows."
"Lower High" refers to a price swing high that is lower than the previous high.
"Lower Low" refers to a price swing low that is lower than the previous low.
π You can use naked price charts to train your eyes or use technical tools like trendlines and moving averages to identify a market trend. π°
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