... analysis has a very common-sense goal: to locate price trends, congestion areas, and points where trends are likely to reverse. "Patterns" can consist of a single price bar or dozens, ... monthly, and so on) price advances or declines. A standard definition of a trend is a series of higher price highs and price lows (for an uptrend) or lower price highs and price lows (for a downtrend). ... profitable price moves, you are always concerned with price trends on a certain level, whether they last a few hours or several months.It is easy to intuitively understand what a price trend...