#PriceTrendAnalysis Price trend analysis is a methodology used to predict future price movements based on historical data. Here are some common techniques:
Types of Price Trends
1. *Uptrend*: Successive higher highs and higher lows.
2. *Downtrend*: Successive lower highs and lower lows.
3. *Sideways Trend*: Price movement within a narrow range.
Trend Analysis Techniques
1. *Moving Averages*: Calculate average prices over time to identify trends.
2. *Relative Strength Index (RSI)*: Measures overbought/oversold conditions.
3. *Bollinger Bands*: Track volatility and identify trends.
4. *Trend Lines*: Draw lines connecting highs/lows to identify trends.
5. *Chart Patterns*: Identify shapes like triangles, wedges, and head-and-shoulders