💥Trend is the direction of market movement.💥
By tracking dynamics of ☝🏻ups and 👇🏻downs, we can understand what is the trend of price movement and how long it's going to change.🧐
Price moves in one direction - is the basis for trend analysis.
There are three 3️⃣ types of trend :
🤜🏻Bullish trend - prices are moving up.🐃
The main condition for a bull trend is ascending movement more than descending movement (the definition of "bullish" arose by analogy with a bull raising the price on its horns)
🤜🏻Bearish trend - prices are moving down.🐻
The basic condition of a is a descending movement than an ascending movement (a bear, as it were, crushes the price under itself, leaning on it from top to bottom with its entire body - hence the “bearish trend”)
🤜🏻Sideway - there is no definite direction of price movement either up or down.
Such movement is called flat; a long flat is a harbinger of a price storm in the market - a strong price movement in one direction or another.
As a rule, prices do not move linearly up or down. However, in a , prices are rising more and faster than falling.
The same thing, exactly the opposite, happens with a . But movements are always more rapid and powerful. This is usually associated with panic sales in the markets.
💥Basic rules of price movement in trends:💥
🤜🏻The golden rule!!! The current trend is more likely will continue, than change direction ;
🤜🏻The trend will move in the same direction until it weakens.
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