Confusion on designating Major and Minor HLs and LHs

I have another query wrt to an observation made by AL - A major LH need not necessarily lead to a new low immediately. So wrt that observation,

Is the higher low below the micro DB a major low once we have 4 bull bars closing near/at their highs?

thanks in advance!

I have another conclusion, please point out if it seems to be correct - 

AL states that we see a major trend reversal only after major HLs or LHs are breached along with a good follow through - and that without that good follow through - we may enter a sideways trading ( or also a bull/bear flag in a broader channel before the trend resumes )

in that context, can we say that the marked red circle area is a major LH and that bulls need to breach it with good follow through for a trend reversal - if not, then we may see a TR 

thanks, again!

I think it can be somewhat subjective when trying to decide if something is a Major LH or Major HL.  Personally, I am a bit slow to move my trailing stop to beyond what I believe is a Major HL or LH.  To decide, I look at the prior leg.  If the breakout of the pullback is still relatively small in size compared to the prior leg, I'll wait to trail my stop.  I've seen those pullback breakouts fail and reverse to the other side usually creating an expanding triangle.  If you trail the stop too soon, you could get stopped out and then the market goes your way right after.  Frustrating.

For a MTR, I look at what is being reversed.  Assuming a reversal from a big 3 legged wedge, I look at each leg.  I like them to be fairly symmetrical to each other in length.  The pivot point from each leg I consider to be Major LHs/HLs.  If the market breaches those, I assume a MTR is taking place. That doesn't necessarily mean a huge trend in the opposite direction.  Often it is just a broad Trading range.  You'll have to use discretion at that point to determine where the bottom and top of the range are. 

thanks for the reply mike! much appreciated!

Respondido por: Kevin

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I think it can be somewhat subjective when trying to decide if something is a Major LH or Major HL.  Personally, I am a bit slow to move my trailing stop to beyond what I believe is a Major HL or LH.  To decide, I look at the prior leg.  If the breakout of the pullback is still relatively small in size compared to the prior leg, I'll wait to trail my stop.  I've seen those pullback breakouts fail and reverse to the other side usually creating an expanding triangle.  If you trail the stop too soon, you could get stopped out and then the market goes your way right after.  Frustrating.

For a MTR, I look at what is being reversed.  Assuming a reversal from a big 3 legged wedge, I look at each leg.  I like them to be fairly symmetrical to each other in length.  The pivot point from each leg I consider to be Major LHs/HLs.  If the market breaches those, I assume a MTR is taking place. That doesn't necessarily mean a huge trend in the opposite direction.  Often it is just a broad Trading range.  You'll have to use discretion at that point to determine where the bottom and top of the range are. 

The white lines are the pivot points I'm referring to.  Other traders have other definitions for pivot point, but this is what I'm referring to.  Those are Major HLs.  If the market trades under them, then I assume bull trend is over and now in TR or bear trend. That last line at the top of the trend is borderline.  The leg up from there didn't quite get to a new high.  The leg is about 1/2 the size of the prior leg up. Ideally I'd like to see a little bit bigger leg before calling that "pivot point" a Major HL.