Which is the most reliable way to confirm that we are in a bullish uptrend?
Understand the Problem
The question is asking for the most reliable indicator to confirm that a market is in a bullish uptrend. The options provided suggest various trading signals or market behaviors that could be used to determine the bullish state.
Answer
Price is making higher highs and higher lows.
The most reliable way to confirm a bullish uptrend is when the price is making higher highs and higher lows.
Answer for screen readers
The most reliable way to confirm a bullish uptrend is when the price is making higher highs and higher lows.
More Information
Higher highs and higher lows indicate a sustained upward trend in prices, suggesting positive market sentiment.
Tips
Avoid relying on subjective indicators like opinions from media or accumulation patterns without confirming upward price movements.
Sources
- The web page with info on - Example Source - brainly.com
- Uptrend in Technical Analysis: How to Trade and Examples - investopedia.com
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