Equal Highs/Lows (EQH/EQL)
Two highs at almost the same price. Many traders place their stop-loss above them.
- How to read it
- The band sits between the two highs, and the dashed line runs until price breaks it. If it is not broken yet, the liquidity is still resting there.
- When does it mislead?
- In a strong trend, equal highs get broken and price keeps going without coming back.