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Trendcategory

what is the difference between trend lines ?? as u can see here in ethusdt there are four trend lines ( three of it are main ) first of all what is trend line categories :- 1- major trend."primary trend" 2- secondary trend ." intermediate trend" 3- minor trend ." near term trend " _ ( major trend ) dow theory classifies the major trend as being in affect for longer than ayear and it differs from market to another as example in the commodity markets major trend is anything over six monthes . _( secondary trend) dow defined this trend as three weeks to as many monthes and its the same for the futures market. _(minor trend) this defined as anything less than two or three weeks. *i hope its short and informative.
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by alieltahan33
The Main three categories and directions of TrendTrend is the direction of the market. In other words, it is the direction of peaks and troughs that constitutes market trend as the market generally move in successive waves (zigzags) with fairly obvious peaks and troughs. The market moves in three directions: 1. Upward trend or uptrend (bullish) – Series of successively higher peaks and troughs – “go long” 2. Downward trend or downtrend (bearish) – Series of successively lower peaks and troughs – “go short” 3. Sideways trend (trendless) – Series of Horizontal peaks and troughs – (a third of the time the market moves is flat/horizontal) – “stand aside” Major Trend – Anything over 6 months – Dow considered years Intermediate Trend – It is a correction in the Major Trend - Three weeks to three months as per Dow’s Near term Trend – It is a correction of the Intermediate Trend - Less than 2 or 3 weeks as per Dow’s
COMEX:GC1!Education
by Mauriello