How can I identify a trend early or #TrendTradingStrategy Here are some strategies and tools that can help you:
1. Price Action Observation
The simplest and most fundamental way is to observe the price movement directly on the chart.
* Highs and Lows:
* Uptrend: Look for a sequence of higher highs and higher lows. This indicates that buyers are in control and pushing the price upward.
* Downtrend: Watch for a sequence of lower highs and lower lows. Here, sellers dominate and the price is falling.