In
the case of a downtrend, this is when prices increase to or above the shifting average.
Not exact matches
A
case in point is the line chart
of the dollar index with a
downtrend line.
In the
case of $ SMH, we see that the ETF has just broken out above resistance
of a
downtrend that has been in place since 2004!
In the worst
case scenario LBC / USD could get back to $ 0.15 form a double bottom, but it doesn't seem like the
downtrend is valid, and chanced
of growth are much higher than the
downtrend continuation.
X-to-A ideally moves in the direction
of the overall trend, in which
case the move from A-to-D reflects a short - term correction
of established
downtrend.