This document defines and describes trends in financial markets. It defines uptrends as periods where prices are rising over time and downtrends as periods where prices are falling. It also describes secondary trends as smaller price movements within the context of the overall uptrend or downtrend, as well as minor short-term price fluctuations. The document states that for a trend to be valid, secondary and minor price movements must be consistent with the overall direction of the main trend.
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Doku.pub John j Murphy Technical Analysis of the Financial Markets
This document defines and describes trends in financial markets. It defines uptrends as periods where prices are rising over time and downtrends as periods where prices are falling. It also describes secondary trends as smaller price movements within the context of the overall uptrend or downtrend, as well as minor short-term price fluctuations. The document states that for a trend to be valid, secondary and minor price movements must be consistent with the overall direction of the main trend.
This document defines and describes trends in financial markets. It defines uptrends as periods where prices are rising over time and downtrends as periods where prices are falling. It also describes secondary trends as smaller price movements within the context of the overall uptrend or downtrend, as well as minor short-term price fluctuations. The document states that for a trend to be valid, secondary and minor price movements must be consistent with the overall direction of the main trend.