The highest point is your midheaven sign and the cusp of your tenth house, and it represents high noon - while the very bottom point on this axis where your fourth house cusp is located is the "midnight" of your chart. Now, let's look at the Y axis of the chart (or the line that runs perpendicular to the horizon, from the top of the chart to the bottom, forming the tenth and fourth house cusps). The point on the left (east) side of the horizon denotes your ascendant sign (abbreviated as ASC) and first house cusp, and that point represents the "sunrise" of your chart - while the point on the right (west) side of the horizon line (DSC) represents the "sunset" of your chart. You can think of the line going across the middle of the chart (or the axis that shares the first and seventh house cusps) as the horizon line.
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