On the other hand, a downtrend is drawn by connecting the major highs together as
shown below. See the downtrend line on Ford stock. There’s no need to buy a stock
that’s in a clear downtrend. It will typically break the downtrend and go sideways
for a bit before turning upward or heading downward again. A downtrend is usually
confirmed as being broken when a candle closes above the downtrend line.
