Trend Is Your Friend
A trend is the general direction price is moving over time:
- Uptrend: series of higher highs and higher lows.
- Downtrend: series of lower highs and lower lows.
- Sideways/range: price bounces between support and resistance with no clear direction.
Trading with the trend (buying dips in an uptrend, selling rallies in a downtrend) has better odds than fighting it. "The trend is your friend until it bends" is old advice for a reason.