Education: Change of trend !

Prior analysis

Definition trend and change of trend ( Trend reversal)
Downtrend - Definition
A downtrend comprises a repeating sequence of:
1) A downward extension
2) A swing low
3) An upward pullback
4) A swing high

A downtrend ends when price breaks the swing high which leads to the lowest swing low of the trend

Uptrend - Definition
An uptrend comprises a repeating sequence of:
1) An upward extension
2) A swing high
3) A downward pullback
4) A swing low

An uptrend ends when price breaks the swing low which leads to the highest swing high of the trend

Please support the setup with your likes, comments and by following on TradingView.
Thanks

評論:

Prior analysis