trend change

[trexy123]

hi could you help me on how to confirm a trend change on a daily timeframe ?

[aenigma]

Trend is a General tendency or inclination of Prices.... (Reversal in Break in above)

 

3 Trend are

 

Up Trend - Prices go Higher forming a series of Higher Highs & Higher Lows (Series of Higher Lows Being Important).. (Reversal - Up trend is Broken where a Lower Low is Put down by Prices)

 

Down Trend - Prices go Lower forming a series of Lower Highs & Lower Lows (Series of Lower High Being Important).. (Reversal - Down trend is Broken where a Higher High is Put up by Prices)

 

Side Trend - Prices go sideways Between Support & Resistance Level ie. Regarded as Consolidation or Correction.. (Reversal is Change of Sidewise Trend into an Up Trend with above characteristics ie (Series of Higher Lows by Price) or with Down Trend ie (Series of Lower Highs by Price)