Disliked{quote} Ok, thanks ... I think I might have a better understanding now. but just to check, I've labeled a chart where I would theoretically take a trade. although obviously the markets are not active right now so i won't. but if they were active. would you agree with this chart ? {image}Ignored
You are right in your analysis. Another possibility is that it goes on to form a Lower High. If that's the case, you'd be on alert for the previous Higher Low being broken to enter short (assuming other stuff agreed).