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.
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.
1- the pink (the major down trend )
2- the light yellow (the secondary trend)
3- the dark yellow ( the minor trend )