Definition
A pattern of swings where each peak is above the last peak and each dip stays above the last dip: the textbook shape of an uptrend.
The story
Picture a staircase going up. Price climbs, rests, climbs higher, and rests on a higher step. As long as each rest stops above the previous one, the uptrend is intact. When a dip finally falls below the previous dip, many traders see the staircase as broken.
Why you'll see it
It's the plain-language definition of an uptrend that a lot of chart commentary relies on.
Connects to
Market structureLower highs and lower lowsTrend and trendlineTrend reversal
We explain why it moves markets. What you do with it is your call. Commentary and education only. Not financial advice. All terms