What does Uptrending mean?
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.
How do you use uptrend in a sentence?
Racal Electronics shares have been in a strong uptrend. Its global profits are on the uptrend. Many analysts think the dollar is on an uptrend.
Is ascending channel bullish or bearish?
Ascending channel patterns or rising channels are short-term bullish in that a stock moves higher within an ascending channel, but these patterns often form within longer-term downtrends as continuation patterns.
What is the meaning of upward trend?
If you refer to an upward trend or an upward spiral, you mean that something is increasing in quantity or price.
What is a higher high?
When there is a higher High, in another words when the price closed higher than the day before, this is a signal of greater confidence and a possible trend for further higher prices.
What is a confirmed uptrend?
An uptrend in the major market indexes, confirmed by a follow-through day in at least one of the major indexes. The uptrend may last several weeks or many months.
What is a downtrend in forex?
Downtrend is a series of successively lower tops and lower bottoms, which create a downward pattern on the price chart. Though they are completely opposite, the downtrend is like the uptrend: if its pattern holds, it remains intact. The line that connects two or more tops is called the ‘downtrend line’.
What is a bullish channel?
A bullish channel is called a continuation trend pattern. The bullish channel is assembled by two parallel lines that frame the upward price trend. A line is validated when there has been at least two points of contact with the price.
What is high-low?
The high-low index compares stocks that are reaching their 52-week highs with stocks that are hitting their 52-week lows. The high-low index is used by investors and traders to confirm the prevailing market trend of a broad market index, such as the Standard and Poor’s 500 index (S&P 500).