Minor Highs and Lows

Minor highs and lows are synonyms for peaks and valleys except that they have strict definitions that can help with pattern recognition. I will use these terms throughout this book, so we might as well go through the pain of learning what they mean and how to recognize them.

A minor high does not refer to an overdose, and a minor low is not lingo for a bad trip. Rather, they represent the building blocks of pattern recognition. If you can program a computer to find them, then you can automate pattern recognition. For example, a triple top has three minor highs near the same price.

Since you are a human computer, I have created ...

Get Visual Guide to Chart Patterns now with O’Reilly online learning.

O’Reilly members experience live online training, plus books, videos, and digital content from 200+ publishers.