Trends and Trendlines


  • Uptrend: a succession of higher lows and higher highs

  • Downtrend: a succession of lower lows and lower highs

  • A Sideways trend is trendless.  It has horizontal peaks and troughs

  • A trendline is drawn to connect the low points in an uptrend/high points in a downtrend

  • The trend is defined as the direction of the market

 

up trendline.gif (1652 bytes)


down trendline.gif (1663 bytes)