Higher Highs And Lower Lows

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If the share price hits a higher high than it did on the previous day, it gives you some indication that it may continue going up. On the other hand, if the price hits a new low, that is a lower low than it hit the day before, well, I think it's quite likely that traders are not so happy with the value, and the confidence that they used to have has gone away.

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Learn Technical Analysis - For beginner or Experienced traders, the main concept is to identify Higher Highs(HH) ,Higher Lows (HL) and Lower High(LH), Lower Low (LL). This HH, HL and LL, LH