Pivot Highs & Lows
Price action and market structure does not move up or down in a straight line.
Pivot Highs and Lows (Swing Highs & Swing Lows) are easily identifiable points that price creates, either within a trending or ranging market.
Price will push up, then retrace, then continue to push up. Creating Higher Highs, and Higher Lows.
Price will push down, then retrace, then continue to push down. Creating Lower Lows, and Lower Highs.
Price action will move up and down, ranging in-between two key levels. Creating Equal highs and lows.
The 3 types of market structure