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HH>HL>LH>LL>LH notation

macman's picture

Hi

 I have just been reading 'Price Action' at http://www.trading-strategies.info/node/17 .  I am trying to understand the HH>HL>LH>LL>LH notation.  I understand the definiition of a high swing low and a high swing high.  However, I am trying to match this up with 'HH' and 'HL'.  The picture that this particular notation refers to has a high swing high followed by low swing low etc.  Is HL high swing low for example?

 

Thanks in advance