📈 Trend - your friend if you see it
What is a trend?
It is the general direction of price movement:
• 🔼 Uptrend - a series of higher lows and highs
• 🔽 Downtrend - a series of lower lows and highs
• ⏸ Flat - when the price 'moves sideways' without a clear direction
🧭 How to draw a trend line:
1. For an uptrend - draw a line along the lows.
2. For a downtrend - along the highs.
3. The line should touch at least 2-3 points to be significant.
⚠️ Why this is important:
• Trading with the trend - more chances of success.
• A breakout of the trend line can signal a trend change.
• Entering 'with the trend' is often safer than against it.
💡 Life hack:
Don't rush to 'catch the bottom' - it's better to get on the train when it's already going in the right direction.
