some trouble about HHLL

3

3dtutor01

hi,everyone. I am new to technique analysis and learning how to identify major high, major low in chart. Here is an example from my tutorial book that I am confuse. I don’t understand why the white one pointing position is belong to Higher high(major high)? is it related to wave counting? does anyone can give me little help? thank you.
P.S this is 1hr Dow future chart(code: YM1!)
 

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Look up the term Swing Pivots or Swing Reversal.
A Higher High is higher than the last Swing High.
A Higher Low is higher than the last Swing Low.

The same is true in reverse. (for a short)
A Lower Low is lower than the last Swing Low.
A Lower High is lower than the last Swing High.

Just my opinion, if you trade on a 60min chart,
and can hold your trades without taking
profits too early, you'll do well.

Swing Traders :)
 
To be called a high, the following price bar/candle must have lower high. The HH you refer to has a lower high on the next bar so the white HH can be considered a higher high than the previous yellow HH.

edit: after zooming in on the chart I noticed that the following period had a higher higher than than the one the arrows looks to be pointing at. On a shorter time period it could look like a higher high but I disagree with defining it that way on that chart.
 
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You can delete the white one pointing position,
or you can leave it there.
I prefer to remove it as it didn't form a sharp bend.
 
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3dtutor01 said:
hi,everyone. I am new to technique analysis and learning how to identify major high, major low in chart. Here is an example from my tutorial book that I am confuse. I don’t understand why the white one pointing position is belong to Higher high(major high)? is it related to wave counting? does anyone can give me little help? thank you.
P.S this is 1hr Dow future chart(code: YM1!)
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did you draw the white arrow? Or is it an example in the tutorial?
 
Thank you for everyone help first. I draw the white arrow and i full copy those HH,LL from tutorial example. In tutorial, it points out "After ChoCH, every most recent HH(LL) in uptrend(downtrend) is position of BOS(break of structure)"
 
A HH as depicted is simply a high with a lower preceding it and following it - though not the white arrow one.

There are minor, intermediate and major HH's and LL's.

A minor HH is as the first sentence describes.

A intermediate HH is a HH preceded and followed by lower minor HH's

A major HH is a HH preceded and followed by lower intermediate HH's

Same for minor, intermediate and major LL's but looking at low data point not high.
 
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