📈 Higher Lows, An Important Trick you Should Master 📈 What is the significance of higher lows one can ask. Often, you’d get an answer that higher highs and higher lows are a sign of a trend as per the Dow theory. That’s absolutely correct, but I am not here to write about
Significance of Higher Lows when looking for a setup The significance of a higher low is nothing but an indication that the stock is constantly showing strength because when we are observing the behaviour of a chart, we need to look for as many confirmations as we can. These
What to Observe Whenever a stock makes a swing low, rallies and pulls back, notice closely if it broke the previous swing low or not. A good chart (Like an Obedient Student) would show signs of Strength a little above the Previous Low without breaking the Lows.
Important Exception If in case you see a shakeout of any swing low, that is not a violation of the rule, and it is still a very good sign. In fact, it is even better. Don’t worry, you’ll be reading a thread from me on Shakeout as well, really soon.
When is this More Significant Whenever we this happen during a Base or during a Flag Formation Example Ho jaaye ya samajh gaye? Let's see Example #1 #Uflex
Example #2 #WABAG Look at both the charts closely on your own screen to understand this concept even better. That's it from me today... If you have any doubts, ask them in the comments below, I'll try to answer each query. NOW, If you genuinely got to learn something and
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