{$MMZ3} 📈🐂 Upward Medium-Term Trend: Ride the Wave of Success! 🌊🚀 Today, let's delve into one of the most crucial aspects of technical analysis – trend identification. A trend can be observed across different time frames, and the longer the time frame, the more significant it becomes. For long-term investing, it's crucial to analyze price movements on higher time frames such as the daily and weekly charts. 👉 We all know that there are three types of price directions in the market: 1️⃣ Upward (bullish) trend 2️⃣ Downward (bearish) trend 3️⃣ Sideways (range-bound) movement with no clear direction, characterized by price oscillating between support and resistance zones. 👉 Let's start with how to identify an upward trend on a chart: ➖ An upward trend is defined by connecting the LOW points of price. ➖ Each subsequent low point is HIGHER than the previous one. ➖ The trendline is drawn by connecting two to three TOUCH points (the more touches, the stronger the trend). As an example, let's take the chart of the Moscow Exchange Index (MOEX). Since October, it has been forming a medium-term upward trendline, with any corrections occurring within its boundaries. This is why we predominantly focus on long positions. ✅ And most importantly, never go against the overall trend (don't short during an upward trend, and vice versa, avoid opening long positions during a downward trend). The trend is your best friend in the market. So, hop on board and ride the wave of success with an upward medium-term trend! #UpwardTrend #TrendIdentification #TechnicalAnalysis #Investing #Trading #MarketAnalysis #MOEX #BullishTrend