Swing high
Technical analysisA peak in the price series with lower highs on either side of it.
In plain terms
Mark these and the trend stops being a matter of opinion. You are reading a sequence rather than deciding whether a chart looks strong.
1492 terms
Glossary
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
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Trendline
Technical analysisA straight line connecting successive swing lows in an uptrend or swing highs in a downtrend.
In plain terms
Two points make a line; three touches make it evidence. Steep ones break constantly.