The trend — your only friend

Technical Analysis — Lesson 3 of 8

“Follow the trend” is the most famous rule in trading and the most neglected. The trend is the general slope of price movement, and fighting it is among the most common causes of loss.

The precise definition

Trend	Structure
Uptrend	highs above the previous highs and lows above the previous lows
Downtrend	highs below the previous highs and lows below the previous lows
Sideways	highs and lows close together with no clear direction

03 — Lesson 3 of 8

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