The trend is better known as the direction of movement over a period of time depending on the analyst’s reference Timeframe, but usually, this trend is a reference to the directional movement over a long period of time, i.e. can refer to TimeFrame D1, W1, Monthly.
There are two types of trends, namely the ascending trend (bullish) and the descending trend (bearish).
There is another form of the market which is Sideway. Sideways occur when market prices go up and down in the same place. It usually happens before determining the direction to go up or down, this is because the buyer and seller are still confused and enter and exit the market at the same time and no big buyer or big seller is moving the market in the next direction. So at this point, the price forms a sideways pattern and the shape is as below.
Continue studying the next chapter.
