Weekly and Monthly Highs and Lows are extremely important and powerful tool for your trading .. the real power of Highs and Lows especially when it represent the higher time frames is that they play a solid zones for Support and Resistance .. 

Day Traders will panic sometimes when they see the price is  moving strongly on the 1 hour or 4 hours time frame without clear reason for them forgetting that the price is actually hitting a Weekly or Monthly High  or Low .. in the following video we will discuss the importance of Higher time frames  Highs and Lows and how you can use it to Maximize Your Profits ..