Trading the trend is extremely common and thought of as the best way to trade the financial markets by many investors. So I ask "Should I use the trend direction in my trading analysis?". Let’s start by answering the question: What is a price action trend?
Price Action Trend
A price action trend is a general direction in which price is developing or changing. The conventional method of reading a trend is; 3 “pivot points” are required to confirm the trend. Each trend is made up of impulse waves and corrective waves. The simple difference is that the impulse waves are larger and faster than corrective waves therefore giving the overall direction of that particular market.
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