DislikedThis is my interpretation on daily. After breaking Dec 4th high, we can say that the trend has reversed based on a full cycle (HL-HH), but breaking of Jan 4th low indicated a half cycle (LL only) which can be a signal to return to downtrend. To confirm downtrend we need a full cycle (an LH and then break of recent LL not in sight atm). Of course, this interpretation is correct if you look at daily tf only.
When you switch to weekly tf, although we see HH, we need HL and break of that HH to confirm trend reversal. Because we need this full cycle...Ignored
Yes. Agree 100%. Swing analysis is far more reliable in trend determination than TL breaks and is a major component of my trend trading.
TL analysis, breaks, re-test and breakouts are equally important when trading with an established trend.
15 YEARS OF PASR ON FOREX FACTORY!