Trend is in place
Updated
As you can see, when a trend is in place, price goes strong in one direction,
than it corrects itself as the price starts to make higher
highs (HH) and Lower Highs (LH)
is an example of a uptrend,
now another correction swing highs and
wait for another impulsive swing low
than it corrects itself as the price starts to make higher
highs (HH) and Lower Highs (LH)
is an example of a uptrend,
now another correction swing highs and
wait for another impulsive swing low
Note
without strong momentum (buy)Price failed to create HH and now pull back
Bullish candlestick perform after touching direction of trend line
and yet trend still in play
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.