As the previous one, it draws swings on the , based on price action and .
Also in the labels you can see if the current swing is higher or lower to the previous one.
HH stands for Higher High
LL stands for Lower Low
LH means Lower High
HL means Higher low
THIS IS NOT A STRATEGY, this is for TREND analysis.
Please stop asking if it "redraws", because it doesn't matter.
The labels are not SELL or BUY signals
Because as soon as its higher than thew other it say HH and if you decide to short it then it can still go way higher and then you are f..ed