Lower High

A lower high means the most recent peak failed to reach the previous peak. Buyers couldn't push as high as last time — momentum is fading. Combined with a lower low, this confirms a downtrend. Lower highs are the seller's signature. They show that even when buyers try to rally, they can't reclaim the prior peak. That's distribution — sellers are absorbing every bid. As long as lower highs keep printing, the downtrend has structural support. The first lower high after an uptrend is a major warning sign. It's the chart telling you that buyers have lost the ability to push to new highs. The next thing to watch is whether the next pullback also makes a lower low — if so, the downtrend is confirmed.