Structure Glossary · Quick Reference
REFERENCE
GUIDE
Learn what each structure means before you read it on your chart
Bullish
Higher High
Price makes a swing high that is above the previous swing high. Buyers are in control — each push up reaches further than the last.
CVD should be: Making a Higher High too → confirms real buying. If CVD makes a Lower High → bearish divergence, distribution signal.
Bullish
Higher Low
Price pulls back but finds support above the previous low. Buyers are defending at higher levels — each dip is bought before it gets as low as last time.
CVD should be: Also holding Higher Lows → buyers stepping in. If CVD makes a Lower Low → buyers losing ground, HL likely to fail soon.
Bearish
Lower High
Each rally runs out of steam below the previous swing high. Sellers are capping every bounce — buyers can't sustain push-through pressure.
CVD should be: Making Lower Highs too → confirms sellers absorbing rallies. If CVD makes a Higher High → buyers pushing back, potential structure break.
Bearish
Lower Low
Price breaks below a previous swing low, making a new lower low. Sellers are pushing past every support — each breakdown goes deeper than the last.
CVD should be: Also making Lower Lows → real selling. If CVD holds Higher Lows → buyers absorbing, classic bullish divergence reversal setup.
Neutral / Coiling
Equal High / Equal Low
Price oscillates between a flat ceiling and a flat floor — equal highs and equal lows. The market is in equilibrium. Neither side is winning… yet. The coil is tightening.
CVD rising in a range → hidden accumulation, breakout upward likely. CVD falling in a range → hidden distribution, breakdown downward likely. CVD flat → genuine equilibrium, no edge.