Basic technique. When the price is about to make a fall, the basic structure of the downtrend needs to be identified. The basic structure of the downtrend has 4 important points which are H-L-LH-LL. If we have been able to identify this structure, then we will assume that the price will make another lower low (LL). We will take the opportunity to sell and cut loss if the price increases higher than LH.
Note
in profit..set BENote
in profit, but not yet TP.. just set BETrade closed: target reached
nice. Successful
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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.