Hello, my cleaver friends!ππ» It's time to self-educate! πͺπ»Let's talk about π Trend / Flat π
π₯Trend is the direction of market movement.π₯
By tracking dynamics of βπ»ups and ππ»downs, we can understand what is the trend of price movement and how long it's going to change.π§
Price moves in one direction - is the basis for trend analysis.
There are three 3οΈβ£ types of trend :
π€π»Bullish trend - prices are moving up.π
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)
π€π»Bearish trend - prices are moving down.π»
The basic condition of a bearish trend 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 βbearish trendβ)
π€π»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 bullish trend, prices are rising more and faster than falling. The same thing, exactly the opposite, happens with a bearish trend. But bearish movements are always more rapid and powerful. This is usually associated with panic sales in the markets.
π₯Basic rules of price movement in trends:π₯
π€π»The golden rule!!! The current trend is more likely will continue, than change direction ; π€π»The trend will move in the same direction until it weakens.
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