Uptrend, downtrend, range
- Uptrend — series of higher highs and higher lows.
- Downtrend — series of lower highs and lower lows.
- Range (sideways) — price oscillates between support and resistance without clear direction.
“The trend is your friend” is a common saying — it means trading with dominant direction often has better odds than fighting it. In ranges, mean-reversion strategies may work better than breakout strategies. Context matters.