Step by step
How to read it
- 1A higher low: the dip stops above the last one.
- 2A higher high: the rally beats the last high.
- 3Again a higher low — the uptrend continues.
- 4A close below the last higher low would end the pattern.
Watch out
Common mistake
Calling the uptrend over after one falling candle. The pattern ends only when a higher low breaks.
In one line
Definition
The swings of an uptrend: each high above the last, each low above the last.
Check yourself
Check yourself
Highs: 50, 55, 60. Lows: 45, 48, 52. What is the trend?