Step #1: Define the Trend. An Downtrend is defined by a Series of LH Followed by
a Series of LL.
The definition of an downtrend is pretty much standard. In an downtrend, we look for a series of
lower highs followed by a series of lower lows. Two LH followed by at least another two LL is
enough to define an downtrend.
A lower high is simply a swing high point...