"Downtrend" refers to a general decline or downward movement in something, such as the value of a stock, the economy, or a particular trend. It indicates that there is a consistent decrease or downward direction over a period of time.
RAMKY recently broke a 5 year long downtrend line in February of this year on heavy volume, which is best viewed on a monthly chart. (morpheustrading.com)
After being in downtrend from April 2011 until September 2012, KOL is now setting up as a short - term, momentum - based bullish trend reversal play. (morpheustrading.com)
Note, these are not Fibonacci fan lines, they're a series of downtrend lines with a common starting point. (cnbc.com)