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Lower highs and Higher Lows

  • #1
  • First Post: Dec 3, 2007 5:09am Dec 3, 2007 5:09am
Friends, I may sound stupid but I really need to clearify it.

How does lower highs and higher lows work? I can see a symmetical triangle formed base on lh and hl but i dont know where lines should be touching... plz help in plain english :-)
- Syd [dust is my bed...]
  • #2
  • Dec 3, 2007 6:05am Dec 3, 2007 6:05am
I hope this link helps to understand. The higher highs, lower lows is a basic tenet of Dow theory. It has to do with trends.
http://www.investopedia.com/universi...Dowtheory2.asp
In trading, there is no bullshit. You either make money or you don't.
  • #3
  • Dec 4, 2007 3:29pm Dec 4, 2007 3:29pm
Quoting syedks
Friends, I may sound stupid but I really need to clearify it.

How does lower highs and higher lows work? I can see a symmetical triangle formed base on lh and hl but i dont know where lines should be touching... plz help in plain english :-)
Actually the question you asked is better answered here:-
http://www.investopedia.com/search/r...ngle&submit=Go

But if the link doesn't work follow MrGreen's link and then enter "triangle" into the search box and read all the hits.
Minesweeper target: 284
  • #4
  • Last Post: Oct 5, 2008 10:07pm Oct 5, 2008 10:07pm
Quoting syedks
Friends, I may sound stupid but I really need to clearify it.

How does lower highs and higher lows work? I can see a symmetical triangle formed base on lh and hl but i dont know where lines should be touching... plz help in plain english :-)
Think of chart patterns as mountains. Lower mountains means the highs are getting lower. Lower lows, are like inverted mountains doing just the opposite. Hope that helps. If not, im sure other peoples' answers would be better good luck
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