I'm talking about the concepts of higher highs and lower lows. By following these, we can analyze the market structure.
If we are in an uptrend, the product rises by making higher highs and higher lows. If we are in a downtrend, we see lower highs and lower lows, and the decline continues. While the trend is in a downtrend, if we see a higher high, it means the trend has reversed and entered a new upward trend. We track these breakouts with candle closes. You can follow this analysis across all markets and timeframes. I created a visual explaining this topic. I hope it will be helpful. At some point, I will do a live explanation at the Vuca Ta library. We will announce the day and time at Ta Library.
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I'm talking about the concepts of higher highs and lower lows. By following these, we can analyze the market structure.
If we are in an uptrend, the product rises by making higher highs and higher lows.
If we are in a downtrend, we see lower highs and lower lows, and the decline continues.
While the trend is in a downtrend, if we see a higher high, it means the trend has reversed and entered a new upward trend.
We track these breakouts with candle closes.
You can follow this analysis across all markets and timeframes.
I created a visual explaining this topic. I hope it will be helpful.
At some point, I will do a live explanation at the Vuca Ta library. We will announce the day and time at Ta Library.