A market trend is a putative prevailing course or tendency of a financial market to move in a particular direction over time.[1] These trends are classified as secular trends for long time frames, primary trends for medium time frames, and secondary trends lasting short times.[2] Traders identify market trends using technical analysis Technical analysis is a security analysis discipline for forecasting the future direction of prices through the study of past market data, primarily price and volume, a framework which characterizes market trends as a predictable price response of the market at levels of price support and price resistance, varying over time.
The terms bull market and bear market describe upward and downward market trends, respectively, and can be used to describe either the market as a whole or specific sectors and securities.[3]
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