MRPNL

Lower High

A rally peak that fails to reach the prior swing high — the second structural requirement of a defined downtrend.

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A lower high forms when a relief rally fades before taking out the prior peak. It signals that sellers are willing to distribute at progressively lower prices — buyers lack the conviction to push through prior resistance. Combined with lower lows, it defines a downtrend.

In a declining market, the first significant lower high after a long uptrend is often the earliest warning that the uptrend is in trouble — before a lower low has even formed.

#structure#trend#price-action

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