what is a trend?

Text books say: a trend is a series of higher highs and higher lows, REGARDLESS of time frame.

Don't fall in love with the stocks on your watchlist, if none of them are trending, find something else.

Elliott Wave theory suggested after 3 waves up, there will be a consolidations A-B-C, same was suggested by the book: How to Trade in Stocks, stocks

A friend in IT told me that Elliott Wave theory demands:

• Wave 2 NEVER Moves beyond the Start of Wave 1 (otherwise it is a trend reversal).
  
• Wave 3 Cannot be the shortest, most of the time it is the longest.
  
• Wave 4 will not violate the price territory of Wave 1.
  

shorts:
longs:

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