Lower highs vs Higher lows

Hi,
I have searched for answers on net before I have asked this question here but no luck. Can someone explain to me in plain english how Lower highs and Higher lows look like on chart please?
As far as my understanding goes Higher high happens when uptrend candlestick closing higher than previous candle (no matter how long shadows are or am I wrong?). With lower lows the same story only when downtrend occurs. But for some reason I cant imagine Lower highs and Higher lows. Is there any good website with chart examples for this set ups?
Thanks in advance.

Lower highs and Higher lows -
On a small scale, it shows daily ranges, each within the previous daily range, and sometimes known as an inside bar or inside day - the top and bottom of the daily range represented as a solid bar rather than as a candlestick, would fit inside the previous, longer bar.

A series of inside days doesn't tend to continue long, and suggests the market is unconvinced whether to be buying or selling. Some people look for an inside day that has a narrower range than the last 4 sessions showed - an ID/NR4: the theory is that this can indicate a dramatic move either up or down is to be expected - though you would have to await the close of the next day to see the strength and direction of the break-out and its only a position good for about 2 days anyway.

A series of non-consecutive lower highs and higher lows, shows a symmetrical triangle pattern pointing towards the right-hand edge of your chart. For example, FTSE100 - 16/11/09 daily high to 04/12/09 daily high, with 03/11/09 daily low to 18/12/09 daily low. Such patterns also often show a dramatic break-out either up or down - in this case, upwards for over 200pts.

Something like this..... (I just did it in paint - quicker than actually finding it on a chart). It really is as simple as the four words - a series of lows, each higher than the one before, while at the same time the high of the period is lower than the one before. So the range contracts. Nothing more to it than that

also Pennant pattern.

Guys,
Thanks for effort and posting here. Thats what Tomorton with Gamma said can be explained now by this:






Tenbobtrader thanks for link however I can't understand on that chart how HL and LH made it that way. If HL (or by other words Low need to be higher than previous low as I pointed by arrows and nicely explained by Tomorton and GammaJammer) is set lower than previous bar as the same for LH how that should make sense to me then? :






I am sure its my wrong understanding of it but I will be appreciated for any explanation. Sorry for being pain but I need to get it right.

A higher low can't be the lowest low, and a low only becomes a low when there has been an even higher low than the (higher) (but not lowest) low. Its simple really.

yes, it's simple. But I totally understand it's not clear for a beginner in the field.

Don't pay to much attention to the previous bar, but rather on the previous low or high.

LL = a newly formed bottow that is lower than the previous bottom

HH = a new high that is higher than the previous one. i don't care about specific bars, a low or high is always formed of at least three bars, and it's not always clean.

thx,

Alex

Alex,
Thanks for this simple explanation. Finally I get it
For some reason I thought it got to be previous bar only not previous high or low in trend. Sometimes simple things like that suddenly make all this so complicated.
Thanks again.