A financial asset is on an ‘uptrend’ when the overall movement of its price is upward.

In a classical uptrend, each peak and trough in succession tends to be higher than the ones preceding it. The uptrend, in this sense, is thus made up of higher low swings and higher high swings, and as long as the price is behaving in this way, then the uptrend is considered to be in place.

However, once the price of the asset begins to swing lower in its highs or lower in its lows, the uptrend is considered in question or may have even reversed in to a downtrend.

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