Understanding Trend Change
~See the price action underneath the red trendline area- what is the setup there? Every time a pull back to upside is created, it creates a NEW LOWER LOW (see the black arrow path created)
~Now see the price action above the green trendline area- what is the setup there? Every time a pull back to downside is created, it creates a NEW HIGHER HIGH (see the black arrow path created)
This is the basic difference between uptrend & downtrend!
~Now see the price action above the green trendline area- what is the setup there? Every time a pull back to downside is created, it creates a NEW HIGHER HIGH (see the black arrow path created)
This is the basic difference between uptrend & downtrend!
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