A series of higher highs and higher lows signals what kind of trend?
Answer: Uptrend
The idea of a trend is so intuitive as to never get a formal definition in technical analysis, even not in the classic Technical Analysis of Stock Trends by Edwards and MacGee. Sperandeo makes the following definition,
* An uptrend is a sequence of rallies to successively higher highs, punctuated by pullbacks, with each pullback low ending above the previous pullback low.
A series of higher highs and higher lows signals what kind of trend?
No comments:
Post a Comment