In technical analysis, price movement in the opposite direction of the prevailing trend.
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The ideal will be when all three trends are in unison, but this is not a prerequisite, as intermediate trends can be substantial in both time and price.
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In that event also use a protective stop, either static or trailing, to prevent profit erosion on the balance of the position.
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All this means is that anything that can effect the price of a security has already been allowed for by the market participants.
Minor trends such as daily trend last a few days or so and are of little significance.
Another strategy commonly used is to close, say half your position when you are comfortable with the profit level, and let the other half continue to trade.