Here are the following three types of market trends.
Uptrend Vs. Downtrend
With this trend, you can understand the price momentum during all the noise. This underlying trend gets formed with a series of highs and lows. Connecting a series of chart high points sloping down means experiencing a downtrend. Connecting low points sloping up means experiencing an uptrend.
Volatile Vs. Lackluster Trend
These are flat trends. They are known as directionless markets. So you can clearly understand whether you should opt for volatility or against it. Plus, deciding between a long strangle and a short strangle will be easy for you.
Short-term Vs. Long term Trend
These are known as underlying trends when it comes to time frames. For example, you can find a series of short-term downtrends within a long-term trend that continues for 3-5 years. You can also analyze the longer-term trend for delivery position ratification.