Peaks and Troughs
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Peaks and troughs are chart patterns that are created by the natural movements of price action. They are very easily identifiable. During a trend, peaks are the higher price points while troughs are the lower price points. They usually alternate with each other.
The higher price points during a trend. During both uptrends and downtrends, peaks will be higher.
The lower price points during a trend. During both uptrends and downtrends, troughs will be lower. Troughs can also be referred to as valleys.