Share:
Market price trends
To be able to know candlestick patterns, traders need to know the movement of market price trends. Understanding trend market price is crucial in trading, because based on that trend traders can deduce what position to take, take profit, and stop loss.
Bullish
A bullish trend occurs if the market is moving up. We can see the lowest price point continues to increase. The point of 'low' becomes 'higher low', and the 'high' point also increases to 'higher high'.
Bearish
Conversely if Bearish trend, the high point decreases to "lower-high" and the low becomes "lower-low".
Sideways
The market moves sideways as the price moves between two support lines and the resistance is aligned

Read also The formation of candlesticks