... downtrend on a 15minute chart A, B, C and D mark some of the relative highs and lows on this chart Figure America Online (AOL), 15-minute Downtrend and relative highs and lows Source: Quote.com ... 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 a series of higher price highs and ... price highs and price lows (for a downtrend) The daily bar chart in Figure illustrates this definition of an uptrend Figure Sun Microsystems (SUNW), daily Uptrend preceded by trading range and punctuated...