Downtrends are when price creates lower lows and lower highs. Simple and straight like that.
The lower lows must be lower than the previous lower low.
The lower high must be lower than the previous lower high.
The lower lows must be lower than the previous lower low.
The lower high must be lower than the previous lower high.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.