Market trends refer to the general direction in which the market is moving, typically observed over a period of time. They indicate changes in consumer behavior and preferences, including shifts in demand for products or services, pricing patterns, and overall market conditions. Market trends can be identified through various indicators such as sales data, consumer surveys, and economic indicators, and they can be classified into three main types: upward (bull) trends, downward (bear) trends, and sideways trends, where prices remain stable over a period. Understanding market trends is crucial for businesses, investors, and analysts as it helps in making informed decisions, forecasting future performance, and identifying opportunities or potential risks within the market.
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