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To day let us learn some more features of a CHART.The time frame is
One year.
See the blue line connecting lower highs. It is called a 'trend line'.
What does it show?. The price is going down with respect to time. The use of the
trend line is to project the furure price after certain period.
Now see the red line connecting higher lows. The trend now is 'up'.
Also see pattern marked as 'double top'. Normally if a 'double top',
forms in any chart ,it means the present trend is likely to reverse.
Disclaimer: The sole purpose of this blog is for Education to the exclusion of all other things. Simply 'paper tade' till such time you get confident and are able to set your own targets.