[rudytrader]

sounds great level 2,

For starters it seems that in order to assess whether or not price is high or low it is necessary to put it into some sort of context or frame of reference. For example, looking at a price chart of an instrument on a 60 minute time frame where you can spot the most recent swing high and low. From these two values, the high and the low value, you can assess whether or not the price is in the upper middle or lower region of this range.