In an uptrend, higher highs are a sign of increasing bullish momentum. When the price surpasses previous highs, it's often seen as confirmation that the uptrend is intact. This pattern suggests that buyers are consistently stepping in at higher price levels.
To spot higher highs:
Chart Analysis: Look at the peak points on the chart. If each peak is higher than the previous one, you're seeing higher highs.
Volume: Increasing volume with higher highs can further validate the strength of the uptrend.
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