{"id":5524,"date":"2023-10-18T16:40:15","date_gmt":"2023-10-18T16:40:15","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=5524"},"modified":"2023-10-18T16:40:15","modified_gmt":"2023-10-18T16:40:15","slug":"tracking-the-trend-and-trading-strategies-following-the-trend","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/tracking-the-trend-and-trading-strategies-following-the-trend\/","title":{"rendered":"Tracking the Trend and Trading Strategies: Following the Trend"},"content":{"rendered":"<p><strong>Tracking the Trend and Trading Strategies<\/strong><\/p>\n<hr \/>\n<p>If you want to achieve financial success, we recommend you watch our free <a href=\"https:\/\/www.youtube.com\/@CoinEngineer\"><strong>Coin Engineer<\/strong><\/a> channel&#8217;s series of <strong>technical analysis<\/strong> and<strong> trading strategies<\/strong>. This training series aims to provide investors with comprehensive information on understanding price movements, identifying trends, and also predicting potential turning points. Our channel is designed to guide investors and will assist you on the path to financial success.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/tracking-the-trend-and-trading-strategies-following-the-trend\/#Trend_identification\" title=\"Trend identification\">Trend identification<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/tracking-the-trend-and-trading-strategies-following-the-trend\/#Parallel_Formation\" title=\"Parallel Formation\">Parallel Formation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/tracking-the-trend-and-trading-strategies-following-the-trend\/#Trend_Within_Trend\" title=\"Trend Within Trend\">Trend Within Trend<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/coinengineer.net\/blog\/tracking-the-trend-and-trading-strategies-following-the-trend\/#Residue_of_Past_Parallels_in_Technical_Analysis\" title=\"Residue of Past Parallels in Technical Analysis\">Residue of Past Parallels in Technical Analysis<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/coinengineer.net\/blog\/tracking-the-trend-and-trading-strategies-following-the-trend\/#Violations_in_Parallels\" title=\"Violations in Parallels\">Violations in Parallels<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Trend_identification\"><\/span>Trend identification<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>If observed, we may perceive that within an existing <strong>upward<\/strong> or <strong>downward trend<\/strong>, there are price fluctuations that sometimes seem to be in line with the trend, additionally sometimes seem randomly formed. However, even these seemingly random formations are actually under the influence of the prevailing trend, and they are using the derivatives of the trend in some way.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Parallel_Formation\"><\/span>Parallel Formation<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The use of the parallel lines drawn is quite simple. Also these lines can be considered as the levels at which supply and demand change, reversing the current fluctuation in prices at that moment. In this form, each parallel line acts as support and resistance, which shows us the buy and sell levels.<\/p>\n<blockquote><p>You might like: <a href=\"https:\/\/coinengineer.net\/blog\/scroll-launched-mainnet\/\"><strong>Scroll Launched Mainnet<\/strong><\/a><\/p><\/blockquote>\n<h3><span class=\"ez-toc-section\" id=\"Trend_Within_Trend\"><\/span>Trend Within Trend<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>As we clearly observe in the above figure, a secondary trend emerged towards the end of the uptrend, significantly impacting the price.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Residue_of_Past_Parallels_in_Technical_Analysis\"><\/span>Residue of Past Parallels in Technical Analysis<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>In the above figure, after the formation of the Ave B bottoms and the combination of these points, you can see on the left side, the parallels that we searched for.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Violations_in_Parallels\"><\/span>Violations in Parallels<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The figure portrays a clear upward trend confirmed at nearly every point, illustrating it with straight lines. It&#8217;s important to note an unusual formation at point A, which deviates from the typical pattern.<\/p>\n<p>However, what is important here is whether this unusual sagging can form a new trend. Normally, the answer to this should be &#8220;no&#8221;.<\/p>\n<p>However, if you have drawn a trend line in which such a violation exists, instead of ignoring or completely forgetting this violation, it is an important step in graphical analysis to draw a separate trend line with dashed lines to indicate the violation.<\/p>\n<hr \/>\n<p><em>In the comment section, you can freely share your comments about the topic. Additionally, don\u2019 t forget to follow us on\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram<\/strong>,\u00a0<\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a>\u00a0for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tracking the Trend and Trading Strategies If you want to achieve financial success, we recommend you watch our free Coin Engineer channel&#8217;s series of technical analysis and trading strategies. This training series aims to provide investors with comprehensive information on understanding price movements, identifying trends, and also predicting potential turning points. Our channel is designed<\/p>\n","protected":false},"author":2,"featured_media":5548,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,448],"tags":[1615,2044,374],"class_list":["post-5524","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-guides","category-crypto-tutorial","tag-technical-analysis","tag-trading-strategies","tag-trend"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tracking the Trend and Trading Strategies: Following the Trend - Coin Engineer<\/title>\n<meta name=\"description\" content=\"If you want to achieve financial success, you can watch our free Coin Engineer channel&#039;s series of technical analysis and trading strategies\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/tracking-the-trend-and-trading-strategies-following-the-trend\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tracking the Trend and Trading Strategies: Following the Trend - 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