Equal highs and equal lows
Also called EQH, EQL, double top, double bottom. What it means, how it looks on a gold (XAUUSD) chart, and the mistake most traders make with it.
Equal highs and equal lows: Equal highs or lows are two or more swing points at nearly the same price. Retail traders see a double top or bottom; ICT traders see a clean pool of stops that price is likely to run.
Equal highs and equal lows on a gold chart
Gold prints highs at $4,138.20 and $4,138.60 on the 15-minute chart. Retail sellers short there with stops at $4,140. ICT traders treat $4,140 as a magnet and wait for price to run it before considering a short.
How traders use it
Used as targets and as sweep setups. The cleaner and more obvious the equal level, the more stops are likely sitting beyond it.
Common mistake
Selling a double top at the second touch. The second touch often becomes the third, and the stops above get taken first.
Questions
What does equal highs and equal lows mean in trading?
Equal highs or lows are two or more swing points at nearly the same price. Retail traders see a double top or bottom; ICT traders see a clean pool of stops that price is likely to run.
How is equal highs and equal lows used on gold (XAUUSD)?
Used as targets and as sweep setups. The cleaner and more obvious the equal level, the more stops are likely sitting beyond it.
Educational content, not financial advice. Every concept here is a probability, not a guarantee.
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