LEARNING OF THE DAY โ๏ธ
๐ How to Identify a Market Trend ๐๐
Knowing the trend is the first step before entering any trade. Hereโs how to spot it:
1. Check Price Direction
Uptrend โ Higher Highs & Higher Lows (price rising)
Downtrend โ Lower Highs & Lower Lows (price falling)
Range โ Price moves sideways between support & resistance
2. Draw a Trendline
Connect the lows in an uptrend or highs in a downtrend.
If price respects it, the trend is valid.
3. Watch Support & Resistance.
Support: Price bounces up
Resistance: Price gets rejected
When these zones meet the trendline, itโs called a confluence zone โ a strong entry area.
Are you following?
Let me know in the comment section if you can identify market trend or I should drop more contents on this.
