Definition trend and change of trend ( Trend reversal)

Definition trend and change of trend ( Trend reversal)


Definition trend and change of trend ( Trend reversal)
Downtrend – Definition
A downtrend comprises a repeating sequence of:
1) A downward extension
2) A swing low
3) An upward pullback
4) A swing high

A downtrend ends when price breaks the swing high which leads to the lowest swing low of the trend

Uptrend – Definition
An uptrend comprises a repeating sequence of:
1) An upward extension
2) A swing high
3) A downward pullback
4) A swing low

An uptrend ends when price breaks the swing low which leads to the highest swing high of the trend

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