Technical_Analysis_page_267

Technical | Analysis page 267 | https://thedailydialectics.com/pdfs/economics/Technical_Analysis/Technical_Analysis.pdf

238 Part Ill. Trend Analysis What Is a Directional Trend? When a peak and trough occur at higher price levels than the immediately previous peak and trough, the trend has turned upward. Conversely, for a peak and trough lower than their pre- vious peak and trough, the trend has turned down. The…