Trend

Trend is simply, the overall direction prices are moving, UP, DOWN, OR FLAT.

Classification :

Short term - less than 3 weeks,

Medium term - 3 weeks to 6 months

Long term (major term) - more than 6 months.

An up-trendline is a straight line passing through the "rising" troughs of an up-move. The importance of a trendline is increasing with every additional touching point, confirming the trendlines value. A reversal of the trend is indicated with a violation of the up-trendline.

A down-trendline is a straight line passing through he “falling” troughs of a down-move. The importance of a trendline is increasing with every additional touching point, confirming the trendlines value. A reversal of the trend is indicated with a violation of the down-trendline.

A Neutral Trend (No trend, Sideways trend) means there is no direction.