Higher Low - Weekly/Monthly --> Retest 10k, 14k, 20k?
Been learning a lot about trend since Q4 last year and I realize how much of a turd I was reading charts my first ... 1.5+ years.
Monthly trend has been down since 20k, lower high at 14k , with monthly lower highs provided plenty of trades for those who know how to trade a weekly timeframe .
Now we're looking at possible monthly trend change. LOOKING FOR HIGHER LOW on monthly/weekly for a good long.
Wrote this chart trying to explain to my friends who are learning to read charts about how price tests different ranges, conditional gaining/losing a level.
TLDR: There's a long somewhere in the 6's low 7's for a higher low on the monthly/weekly that's a good setup. Worst case this higher low fails making a lower high on the weekly/monthly and you get exit in profit.
Monthly trend has been down since 20k, lower high at 14k , with monthly lower highs provided plenty of trades for those who know how to trade a weekly timeframe .
Now we're looking at possible monthly trend change. LOOKING FOR HIGHER LOW on monthly/weekly for a good long.
Wrote this chart trying to explain to my friends who are learning to read charts about how price tests different ranges, conditional gaining/losing a level.
TLDR: There's a long somewhere in the 6's low 7's for a higher low on the monthly/weekly that's a good setup. Worst case this higher low fails making a lower high on the weekly/monthly and you get exit in profit.
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