How Many Chart Tops Draw a Downward Trend Line?
To draw a down-wards trendline a xauusd trader needs at least two tops
To confirm a downwards trend-line a trader needs at least three price tops to touch the downwards trend line.
Example of Gold Downwards Trend on a trading chart
How Many Chart Tops Draw a Downwards Trend Line?
A down trend occurs when the price forms series of lower highs and lower lows. Each price high is lower than the previous high - lower high, and each low is lower than the previous low - lower low hence showing bearish gold price movement.
How Many Chart Tops Draw a Downward Trend-Line?
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