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Lesson 2 of 3
The Trend is Your Friend
Up, down, or sideways
Don't swim against the current.
Uptrend: Higher highs and higher lows. The chart looks like a staircase going up. --> Strategy: Buy the dips.
Downtrend: Lower highs and lower lows. A staircase going down. --> Strategy: Stay away or short sell.
Sideways: Price is stuck in a range. --> Strategy: Buy low, sell high within the range.