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The charts is drawn as result of actions of two main groups in markets – Buyers (Bulls) and sellers (Bears). The result of interaction of both groups are four elements building the chart of certain instrument (currency pair) - rise, peak, fall and low.
The rise is form when bulls are accumulating more power and override the strength of bear group. After the rising movements a peak (or resistance) is formed, where the buyers started to lose strength and the sellers group became stronger. After a peak we have a movement in opposite direction - fall . We have a falling movement or down movement (also down trend) which is the result override strength of sellers over buyers. At the end of down movement a low (or support)is formed, which testify the weakness of sellers and increase growth of buyers.
These are the four main elements of the chart on a certain financial instrument (currency pair EUR/USD). These elements are object of Technical Analysis.