Types Of TrendsâŠđ„(Analysis)
Before we get into trendlines, letâs first understand what trends are. An uptrend is a period where value of an asset can be observed to be continuously increasing. Similarly, on the flip side â a downtrend is a situation where the value of an asset is observed to be continuously decreasing.
The reasons behind the increase and decrease in value may be varied, but the final effect comes out in the actual value of the asset â which is why in technical analysis, price is considered to be the most leading indicator