How To Identify Trading Trends

How To Identify Trading Trends
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    Identifying Trends
    Identifying trends and placing trades accordingly is basically the fundamental of technical analysis trading.
    Uptrend
    An uptrend exists when the overall direction of an asset's price movement is upward.
    For an uptrend to be defined, a series of higher peaks and troughs should be established,
    meaning that the previous peak should be lower than the current one.
    Traders tend to 'buy' when the level of the price passes through the upward trend
    line while they tend to 'sell' when the level of the price drops below the upward
    trend line as this might suggest a trend reversal.
    Downtrend
    A downtrend exists when the overall direction of an asset's price movement is downward.
    For a downtrend to be defined, a series of lower peaks and troughs should be established,
    meaning that the previous lower points should be higher than the current one.
    Traders tend to 'sell' when the level of the price reaches the downward trend line
    while they tend to 'buy' when the level of the price passes above a downtrend line
    as this might suggest a trend reversal.
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