Disliked{image} Following is a discussion of price action. 1 and 2 are relative swings. (swings are the most basic price structure and understanding them is really the path to understanding price) 3 is an unconfirmed swing because price does not go on to make a higher high after. This failure is important. 4 is outside gap bar and WRB that closes above several previous smaller bars. It establishes the buy line. 5 is where buyers defended positions. Many would call this support. 6 is a WRB gap that decisively closes below the buy line. 7 is where price retested...Ignored
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