CRYPTOCURRENCY: WHAT IS HIGHER HIGH, HIGHER LOW, LOWER HIGH, LOWER LOW

Source: :https://www.forexfactory.com/showthread.php?t=418653

What are Higher High, Higher Low, Lower High and Lower Low?

see http://www.babypips.com/school/diver...eat-sheet.html

basically if the high of next candle is higher than the high of this candle, then it's called higher high

Usually when traders talk about higher highs etc, they are referring to swing highs and lows

HH and HL indicate a bullish trend

LH and LL indicate a bearish trend

As you can see on the chart the uptrend had some nice clear swings

The boxes are trading ranges and H or L contained in a range are not so significant because they are periods that the markey is moving sideways. However, with a breakout in the direction of the trend, as with the second box, the high of the range can be seen as a HH and the low of the range, a HL.

In the downtrend that followed the H and L are not so clearly defined, but they are there.

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Please Do Not PM Me With Coding Enquiries

Even with the best of strategies, Lower High and Higher Low almost always translate to your High Risk retail order, very rarely will you hit the ding, while the computer is programmed to always move away from your order to a rock bottom Lower Low or climactic peak Higher High some 10 to even 100 plus points from your order line using an enormous wholesale hedge cushion where the insiders feast off your order with a Low Risk trade. Seriously, Nobody beats the computer except for a very few with insider access.

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