Trend Analysis:
Trend analysis is a fundamental aspect of technical analysis. Traders seek to identify the direction of the market by analyzing the price’s higher highs and higher lows in an uptrend or lower highs and lower lows in a downtrend. Trendlines are drawn on price charts to connect the swing highs or swing lows, providing a visual representation of the trend.

Understanding Technical Analysis:
Technical analysis is a trading methodology that involves studying price charts, patterns, and indicators to identify trends, patterns, and potential trade setups. Traders who use technical analysis believe that historical price data can provide valuable insights into future price movements. Technical analysis is based on the principles of supply and demand and the notion that market participants’ behavior is reflected in price patterns.