hello, please see the below for strong and weak high lows:
"👉 In the Community Streams, I often talk about the Premium/Discount Zones, or the Strong/Weak High/Lows, in the Price Action Concepts toolkit:
Premium/Discount Zones
Strong/Weak, High/Lows
Remember, these two anchor levels (H and L, premium and discount) are from the most recent swing points, so the metrics at these levels are from that structure, but of course price can still bust up or down.
But the further it busts up, we know sooner than later, this will come back down.
So these metrics gives us clues on how much further it can go. Its like how long do we want to hang onto the move, or do we really want to jump in now?, at the risk that the move could be over anytime soon. Just something to think about when you are entering or managing a current position.
https://docs.luxalgo.com/docs/luxalgo-toolkits/price-action-concepts/market-structures#strong-weak-high-lows
https://docs.luxalgo.com/docs/luxalgo-toolkits/price-action-concepts/pdzones
Strong high, Strong ceiling, Strong resistance
Can price bust through a strong ceiling?
How strong, how thick is the ceiling?
But if this ceiling has a key level nearby, OB's etc, maybe its too strong to bust through?
and maybe Ill just wait for a short set-up instead?
Just something to think about here, as I remember there were some questions regarding these levels in the community streams..."
here's a link to one of the recordings: #1199356285813006367 message