Where are uptrend lines plotted on a price chart?

Uptrend lines are plotted on a price chart between support troughs. In technical analysis, an uptrend is defined by a series of higher price lows, indicating that buyers are consistently coming in at higher levels. By connecting these troughs—where the price pulls back but does not drop to new lows—an analyst can visualize the upward trajectory of the asset's price. This line serves as a support level, suggesting that as long as the price remains above this line, the uptrend is intact.

This method of connecting the troughs helps traders and investors identify potential entry points where the price may bounce back after a pullback, making it a valuable tool in trend analysis.