Trading University - chart - 542020
Weak highs/lows
Weak highs or lows are the exact opposite of the strong ones. Such
swing points were formed slowly, reluctantly and there wasn’t any
apparent aggressive activity. Weak swing points can be identified by
many knots of many candles that are “testing“ into some area, but
there isn’t a candle that would test way beyond all the other candles
(if there was, it would be a sign of a strong swing point). If there is no
such a candle, just many candles testing the same area, then it is a weak high/low.
In the example below, you can see the price going upwards and then turning very slowly and reluctantly. There is no aggression apparent
at the swing point of this area. There simply weren‘t aggressive sellers to reject higher prices aggressively. This is a weak high.