#shorttermtrading #supportandresistance #bullishsignal #bearishsignal #LarryWilliamsmodel #trendreversal Long-Term Secrets to Short-Term Trading By: Larry Williams ISBN: 9780470915738 The concept is based on the idea that the highest high and lowest low of a particular period represent significant levels of support and resistance. When the price surpasses the highest high, it is considered a bullish signal, indicating potential upward momentum and a trend continuation. On the other hand, when the price falls below the lowest low, it is considered a bearish signal, indicating potential downward momentum and a trend reversal. In the Larry Williams model, the order of HH (Higher High), HL (Higher Low), LL (Lower Low), and LH (Lower High) typically follows a sequence that is associated with potential trend reversals or continuations. The typical order is as follows: 1. Higher High (HH): A Higher High occurs when the current highest price level in a specified timeframe is higher than the highest price level in the previous timeframe. It suggests potential upward momentum and continuation of the trend. 2. Higher Low (HL): A Higher Low occurs when the current lowest price level in a specified timeframe is higher than the lowest price level in the previous timeframe. It suggests that after a pullback, the price is still making higher lows, indicating potential upward momentum and continuation of the trend. 3. Lower Low (LL): A Lower Low occurs when the current lowest price level in a specified timeframe is lower than the lowest price level in the previous timeframe. It suggests potential downward momentum and a possible reversal of the trend. 4. Lower High (LH): A Lower High occurs when the current highest price level in a specified timeframe is lower than the highest price level in the previous timeframe. It suggests that after a retracement, the price is still making lower highs, indicating potential downward momentum and a possible reversal of the trend. The sequence of HH, HL, LL, and LH is often used to identify potential trend reversals or continuations in the Larry Williams model. For example, a sequence of HH and HL may suggest a bullish trend, while a sequence of LL and LH may suggest a bearish trend.