MONEY GLOBE XReading Charts · Lesson 3
Trends
Higher highs and higher lows
Members
In this lesson
Identify uptrends, downtrends and ranges using swing highs and lows, and spot the first warning of a trend change.
Key takeaways
- An uptrend makes higher highs and higher lows; a downtrend makes lower highs and lower lows.
- Sideways highs and lows mean a range — no trend.
- The first break of the pattern (e.g. a lower low in an uptrend) is an early warning.
- Trading with the trend and buying pullbacks is usually safer than chasing.
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Next lesson: Support and resistance
Educational information only - not financial advice.