Basic Q: Relative Highs & Relative Lows

Stocks Unlocked

Newbie
7 0
I've been learning about the basics of charting, and have come across the concept of spotting upward and downward trends using relative lows and relative highs.

What I am wondering however, is how do you know where to place RLs and RHs?

See attachment for what I mean. (Why could a RL not be placed where I have pointed? If there was a RL there, the uptrend pattern would have been broken earlier, no?)

1546726982881.png
 

Similar threads


AdBlock Detected

We get it, advertisements are annoying!

But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.

I've Disabled AdBlock