📈 9 Ways To Identify an Uptrend📍 What Is an Uptrend?
An uptrend describes the price movement of a financial asset when the overall direction is upward. In an uptrend, each successive peak and trough is higher than the ones found earlier in the trend. The uptrend is therefore composed of higher swing lows and higher swing highs. As long as the price is making these higher swing lows and higher swing highs, the uptrend is considered intact.
Some market participants only choose to trade during uptrends. These "long" trend traders utilize various strategies to take advantage of the tendency for the price to make higher highs and higher lows.
💥Important thinks to note
🔹Uptrends are characterized by higher peaks and troughs over time and imply bullish sentiment among investors.
🔹A change in trend is fueled by a change in the supply of stocks investors want to buy compared with the supply of available shares in the market.
🔹Uptrends are often coincidental with positive changes in the factors that surround the security, whether macroeconomic or specifically associated with a company's business model.
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