Technical Glossary

Trend Analysis

The direction of swings, the lines that mark them, and when that direction changes. 23 topics.

Uptrend

A sequence of higher highs and higher lows.

Downtrend

A sequence of lower highs and lower lows.

Sideways Trend

Price oscillating between highs and lows that are not stepping up or down.

Trendline

A straight line drawn across swing lows in an uptrend, or swing highs in a downtrend.

Support Trendline

A rising line under swing lows, acting as demand as the trend climbs.

Resistance Trendline

A falling line over swing highs, acting as supply as the trend declines.

Higher Highs

Swing highs that print above the prior swing high.

Higher Lows

Swing lows that hold above the prior swing low.

Lower Highs

Swing highs that stall below the prior swing high.

Lower Lows

Swing lows that break under the prior swing low.

Trend Reversal

A change in swing structure from up to down, or from down to up.

Trend Continuation

A pause that resolves in the direction of the existing trend.

Trend Strength

How persistent and directional a move is, as opposed to how far one bar travelled.

Trend Channels

A pair of parallel lines that contain a trend's highs and lows.

Linear Regression Channel

A channel around the best-fit straight line through recent prices, with boundaries set by standard deviation.

Parabolic Trend

An advance or decline that steepens, rising or falling at an increasing slope.

Primary Trend

The largest swing direction, the tide rather than the waves.

Secondary Trend

A correction against the primary trend, lasting longer than a minor wiggle.

Minor Trend

The short swing inside the secondary move, the day-to-day fluctuation.

Multi-Timeframe Analysis

Reading the same market on a higher chart for direction and a lower chart for location.

Market Structure

The map of swing highs and swing lows that shows who has been in control.

Break of Structure (BOS)

A push that breaks the prior swing in the direction of the existing trend.

Change of Character (CHoCH)

The first break of structure against the current trend, a possible change of side.