DislikedHi,
I know this is a very basic question for this thread, but I thought I would ask.
When I am marking low points in a chart should I be marking the lowest point no matter the colour of the candle or should I only be marking bearish candle low points.
If you see the chart, I have marked the bearish candle, but there was infact a lower point on the following bullish candle.
Is there a difference and which should I mark? (do the same rules apply for high points too?)
Pippinole - I am learning this thread as week speak/type - on a saturday night......Ignored
However, as price is moving, I tend to mark the lowest point that nothing has closed below just to give me a feel of if the price is hitting resistance. So in your example, I already had the candle at 16:00 (GMT +2) on 25th low point marked because nothing else had managed to close below it after that. If the bearish candle you had marked had closed below, I would have moved it to the lowest point of that one. Everyone though has their own way of marking them, but thats my favourite way of marking the most recent areas of S/R.