iamwealth

question regarding tightening patterns

this is still a lower high in regard to the high of the bounce, but the last weeks have been lower highs, so compared to the last weeks this is a higher high.....so when we talk about tightening patterns , what are we referring to? usually my understanding is we are referring to the last bounce /pullback. so in this case we are still in a lower high / higher low tightening pattern , correct..?
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