Uptrend - Higher high(peak), higher low(trough)
Downtrend - Lower low(trough), lower high(peak)
Uptrend - Price action forms rising peak and rising trough
Downtrend - Price action forms decling peak and declining trough
In my post "Arvind facing strong resistance", price action moved upwards eventhough trendline
was broken and showed less momentum. I checked where my analysis went wrong and found
it didnt break the previous higher low.