What is Lower High?
A lower high occurs when a new swing high remains below the preceding comparable swing high.
Lower High matters because it gives analysts a consistent way to discuss price-structure interpretation. Market-structure terms describe how successive highs, lows, ranges and breaks relate to one another without requiring a separate indicator.
How to read Lower High
Read Lower High together with trend, timeframe, volatility and market context. Its main role is price-structure interpretation, not replacing the underlying price series.
What Lower High does not tell you
The term should be read as descriptive chart language rather than as a self-contained forecast. Parameter choices, timeframe and data quality can materially change the result.
Use in bonds, rates and macro markets
A yield breakout and a bond-price breakout have opposite directional implications for rates, so the charted variable must always be identified.
Technical chart structures are context, not certainty. BondStats does not present a candlestick, drawing tool, indicator reading or chart pattern as a standalone investment recommendation. Where a concept depends on discretionary anchors or parameter choices, those choices should be made explicit.