DatTong
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Definition trend and change of trend ( Trend reversal)

FX:EURUSD   Euro / U.S. Dollar
Definition trend and change of trend ( Trend reversal)
Downtrend - Definition
A downtrend comprises a repeating sequence of:
1) A downward extension
2) A swing low
3) An upward pullback
4) A swing high

A downtrend ends when price breaks the swing high which leads to the lowest swing low of the trend

Uptrend - Definition
An uptrend comprises a repeating sequence of:
1) An upward extension
2) A swing high
3) A downward pullback
4) A swing low

An uptrend ends when price breaks the swing low which leads to the highest swing high of the trend

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At the final picture, I think it is not the swing low leading to the highest swing high because it does not lead to the highest swing high, it may be a complex pullback. Is it right?
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Love it, is it also possible to point out more examples of why certain pullbacks are not considered pullbacks etc
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DatTong khoang1985
@khoang1985, Cheer !
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you made it easy to understand for new traders
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DatTong Danielelias-17
@Danielelias-17, Cheer !
+1 Reply
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