Technical analysis

Types of Trends

The chart always moves in small zigzags, forming local highs and lows.

The uptrend reflects a rising price. When a new local low appears higher than the previous one, the asset price rises. When an asset follows an uptrend, open buy trades.

The downtrend reflects a falling price. When a new local high appears lower than the previous one, the asset price falls. When an asset follows a downtrend, open sell trades.