How to trade in the Right Trend - Beginners guide
How to Identify a Trend in a Chart?
Here's a practical breakdown of trend identification methods:
1. Price Structure Method (Most Fundamental)
Uptrend:
- Series of Higher Highs (HH) and Higher Lows (HL)
- Each peak is higher than the previous peak
- Each trough is higher than the previous trough
Downtrend:
- Series of Lower Highs (LH) and Lower Lows (LL)
- Each peak is lower than the previous peak
- Each trough is lower than the previous trough
Sideways/Range:
- Price oscillates between
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