Series 3: 6.2.2. Trending Concepts

6.2.2. Trending Concepts

At its simplest, a trend indicates the direction of market prices. But markets don’t move in simple patterns. Instead, they oscillate up and down, both within a day and from day-to-day. A trend is defined by the direction of its peaks and troughs. A series of successively higher peaks and troughs indicates an upward trend. A series of successively de