Breaking the last peak - the beginning of a new trend on 1H.
If the market breaks the previous peak, according to Dow's theory, we have the beginning of a new trend, which we observe at the 1H interval.
The preliminary scenario assumes entries at the breakout of this peak. At the same time, it will be a breakout of the EMA average.
Remember, this is just one of many possible scenarios and this idea is for educational purposes.
The preliminary scenario assumes entries at the breakout of this peak. At the same time, it will be a breakout of the EMA average.
Remember, this is just one of many possible scenarios and this idea is for educational purposes.
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