Imagine the smell
market structure
all untested levels retest
all broken zones will retest
all fakeouts retest
all trendlines will test for a third
after the third the trendline is weak
the trendline is confirmed by a countertrend setup failing at an untested level
all untested levels retest
all broken zones will retest
all fakeouts retest
all trendlines will test for a third
after the third the trendline is weak
the trendline is confirmed by a countertrend setup failing at an untested level
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.