At point 2 we saw that it broke the point 1 low before heading north. Now we are left with two options,
(1) it has broken the lower degree low at point 4, will it head north immediately or
(2) It will first take the higher degree previous low before heading north
It's simple as the pattern develops I will know, both options are bullish to me.
As the structure develops i will keep this idea updated, so like, comment, follow so you don't miss any update. Thank you.
(1) it has broken the lower degree low at point 4, will it head north immediately or
(2) It will first take the higher degree previous low before heading north
It's simple as the pattern develops I will know, both options are bullish to me.
As the structure develops i will keep this idea updated, so like, comment, follow so you don't miss any update. Thank you.
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Related publications
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.