Definition trend and change of trend ( Trend reversal) Downtrend - Definition A downtrend comprises a repeating sequence of: 1) A downward extension 2) A swing low 3) An upward pullback 4) A swing high A downtrend ends when price breaks the swing high which leads to the lowest swing low of the trend Uptrend - Definition An uptrend comprises a repeating sequence of: 1) An upward extension 2) A swing high 3) A downward pullback 4) A swing low An uptrend ends when price breaks the swing low which leads to the highest swing high of the trend Please support the setup with your likes, comments and by following on TradingView. Thanks
At the final picture, I think it is not the swing low leading to the highest swing high because it does not lead to the highest swing high, it may be a complex pullback. Is it right?
khoang1985
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Love it, is it also possible to point out more examples of why certain pullbacks are not considered pullbacks etc