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Two separate things. Start with the walkthrough to learn the screen you trade on; the topics explain the trading behind it.
Two separate things. Start with the walkthrough to learn the screen you trade on; the topics explain the trading behind it.
Candle Arena needs the height to show a chart and your trade at the same time. Landscape on a phone is not supported yet.
Each candle here covers one hour. Price climbed from 50.00 to 53.00. That shows a direction. A trend is a pattern that repeats, so one rise is not enough.
Price pulled back for five candles and bottomed at 52.00. That lowest point is a swing low. It stayed above 50.00, so it is a higher low.
Price rose past 53.00 to 55.00. A swing high is a peak with lower candles either side. One above the last swing high is a higher high.
The swing highs rose: 53.00, 55.00, 57.00. The swing lows rose too: 50.00, 52.00, 54.00. Both must keep rising. Rising highs alone are not enough.
Highs 53.00 55.00 57.00 · Lows 50.00 52.00 54.00
A trend line joins the swing lows: 50.00, 52.00 and 54.00. It is only a drawing aid. Comparing the swing prices tells you the same thing.
After 57.00, price fell to 53.50. That is below the last higher low, 54.00. The lows have stopped rising, so the uptrend's pattern is broken.
Last higher low 54.00 · New low 53.50
Here price kept falling to 51.00. It does not always. After a break, price can drift sideways or climb again. Trends are tendencies, not laws.
Lower highs and lower lows make a downtrend. It is in doubt once price climbs above the last lower high. It reads the same on 1-minute, daily or monthly charts.
Price has fallen for five red candles, from 55.00 to 54.00. The last higher low is 52.00. Is the uptrend still intact?