Markets moves in waves in motions, rising and falling.
When a market moves upwards for the certain period, it’s called an “uptrend“.
Similarly, when the market moves downwards for the certain period, it’s called a “downtrend“.
One of the most important tools in trading is the ability to identify the current trend of the market.
Market Trend as in “Bulls and Bears”
Bulls and Bears or it can also be referred as “Bullish” and “Bearish”.
The term “Bull” comes from the fact that bulls fling up opponents. Therefor bullish trend is a rising trend, as prices move upwards.
Bullish Candlestick is candlesticks rise in price.
The term “Bear” comes from the swipe motion made by bears, which goes from top to bottom.
Meaning that “Bear” indicates, a downward movement in the price. Therefore, “Bearish Trend” indicates a downtrend.
A “Bearish Candlestick” is a Candlestick which indicates lowering of the price.
Peak and Trough
A peak is a candlestick surrounded both side by two candlesticks that lower than its highest price.
Trough is a candlestick surrounded both sides by two candlesticks that higher than its lowest price.