BTC/USDT
The terms "Lower High (LH)" and "Lower Low (LL)" are commonly used in technical analysis of financial markets, especially when analyzing price trends and patterns in charts. Here's a brief explanation of each term:
Lower High (LH)
A Lower High is a peak on the price chart that is lower than the previous peak. This indicates that the buyers were unable to push the price higher than the last high point, suggesting a weakening upward trend or the start of a downtrend.
Lower Low (LL)
A Lower Low is a trough on the price chart that is lower than the previous trough. This indicates that the sellers have been able to push the price lower than the last low point, confirming a downward trend.
Identifying Trends
In a downtrend, you typically see a series of Lower Highs and Lower Lows. This pattern helps traders identify and confirm that a bearish trend is in place.
Lower High (LH)
A Lower High is a peak on the price chart that is lower than the previous peak. This indicates that the buyers were unable to push the price higher than the last high point, suggesting a weakening upward trend or the start of a downtrend.
Lower Low (LL)
A Lower Low is a trough on the price chart that is lower than the previous trough. This indicates that the sellers have been able to push the price lower than the last low point, confirming a downward trend.
Identifying Trends
In a downtrend, you typically see a series of Lower Highs and Lower Lows. This pattern helps traders identify and confirm that a bearish trend is in place.
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