Structure
A sequence of higher swing highs and higher swing lows. Both conditions are required — rising highs alone are not an uptrend.
Both conditions are required. Higher highs with lower lows describes an expanding, unstable market rather than a trend, and is usually a reason to stand aside.
An uptrend stays intact until a higher low fails. That failure is a change of character — the first structural evidence the sequence has stopped repeating.
Taught in
Highs, Lows and the Shape of a TrendMarket StructureSwing highs and swing lows are the skeleton of every chart. Learn to mark them, and "trend" stops being a feeling.
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