Yeah that’s right.
The trickier bit is figuring out whether the trend is about to reverse or keep strengthening.
If you’re thinking about a reversal, watch for chart patterns like head and shoulders or double tops, divergence with indicators like RSI or MACD, and breakouts of trendlines.
A strengthening trend is typically confirmed by higher highs and higher lows, moving averages, positive momentum indicators, and breakouts above resistance levels.
They’re long to explain on here but get on Google and you’ll find some decent resources or YouTube if you want to hear someone talk through it.
None of them are definitive either, so word of warning there.
