Peak and Trough Sequence

In a rush to use advanced trend identification methods, the simple and most basic technique of trend analysis is often overlooked.

Trends

The longer-term trend dominates near-term price fluctuations. This means any surprise most probably will develop in the direction of the prevailing intermediate or primary trend.

Knowing The Markets

For interpretation, the markets and time-frame don’t matter; It’s the purpose of your analysis and trading that does.