... highs and lows. Figure 2 shows a downtrend on a 15- minute chart. A, B, C and D mark some of the relative highs and lows on this chart.Figure 2. America Online (AOL), 15-minute. Downtrend and ... section) preceded the uptrend.Points A, B, C and D correspond to some of the more notable highs and lows throughout this uptrend, the largest of which (C and D) are referred to as relative (or "reaction," ... is easy to intuitively understand what a price trend is: a continuing series of daily (or hourly, weekly, monthly, and so on) price advances or declines. A standard definition of a trend is...