As of 06/02/2023
  Indus: 33,763 +701.19 +2.1%  
  Trans: 14,150 +270.31 +1.9%  
  Utils: 900 +9.20 +1.0%  
  Nasdaq: 13,241 +139.79 +1.1%  
  S&P 500: 4,282 +61.35 +1.5%  
YTD
 +1.9%  
 +5.7%  
-7.0%  
 +26.5%  
 +11.5%  
  Targets    Overview: 05/30/2023  
  Up arrow33,950 or 32,000 by 06/15/2023
  Up arrow14,600 or 13,350 by 06/15/2023
  Up arrow935 or 880 by 06/15/2023
  Up arrow13,600 or 12,200 by 06/15/2023
  Up arrow4,350 or 4,000 by 06/15/2023
As of 06/02/2023
  Indus: 33,763 +701.19 +2.1%  
  Trans: 14,150 +270.31 +1.9%  
  Utils: 900 +9.20 +1.0%  
  Nasdaq: 13,241 +139.79 +1.1%  
  S&P 500: 4,282 +61.35 +1.5%  
YTD
 +1.9%  
 +5.7%  
-7.0%  
 +26.5%  
 +11.5%  
  Targets    Overview: 05/30/2023  
  Up arrow33,950 or 32,000 by 06/15/2023
  Up arrow14,600 or 13,350 by 06/15/2023
  Up arrow935 or 880 by 06/15/2023
  Up arrow13,600 or 12,200 by 06/15/2023
  Up arrow4,350 or 4,000 by 06/15/2023

Bulkowski on Minor Highs and Minor Lows

See chapter 2, Minor Highs and Lows (page 13) of the book, Visual Guide to Chart PatternsVisual Guide to Chart Patterns book. (pictured on the left) for more information on minor highs and lows.

If you click on the above link and then buy the book (or anything) while at Amazon.com, the referral will help support this site. Thanks.

-- Tom Bulkowski

$ $ $

Minor highs are peaks and minor lows are valleys on the price chart. Below are some tips for selecting minor highs and lows.

New research suggests that when a tall price bar (candle line) forms in an uptrend or downtrend, a reversal is likely (forming a minor high or low). For details, see Candles at peaks and valleys.

 

Minor Highs
Minor Lows
See Also

Minor Highs

An example of minor highs

The above figure shows what most chartists call minor highs. Think of minor highs as price peaks in a mountain range of prices.

The odd numbers in the figure show distinct price peaks in which price makes a lower high to each side of it. Even points 2, 4, and 6 are minor highs because they are the highest peak in several days. A good guideline is to find peaks that have no higher price within 5 days surrounding the peak. That's 2 days before to 2 days after the tallest peak.

Minor Lows

An example of minor lows

The above figure shows minor lows. Think of minor lows as price valleys. The even numbers show distinct valleys but what about point 5? If you use a 5-day window (2 days before to 2 days after) then point 4 shows a lower valley. Thus, point 5 is probably not a minor low but one that is part of point 4.

In some cases, such as when searching for an Eve peak or valley (see the Adam and Eve combinations of double tops or bottoms) you might want to consider valleys 4, 5, and 6 as a major low – a large rounding turn composed of a few minor lows.

The most important considerations for finding minor highs and minor lows is that you are looking for peaks and valleys, ones that are distinct and well separated.

-- Thomas Bulkowski

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See Also

 

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My novels:  Remember Me book Bumper's Story book Head's Law book
My stock market books:  Chart Patterns: After the Buy Getting Started in Chart Patterns 2nd edition book Trading Basics book Fundamental Analysis and Position Trading book Swing and Day Trading book Encyclopedia of Chart Patterns 3rd Edition book

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