Nice example of structure break, price is above the previous swing high.
Now we are making higher shing hing and higher swing low. Which can be considered as up trend.
Yellow lines and ellipse marked may work like support or resistance in coming future. I am not suggesting any trade but wanted to share nice example of structure analysis and trading.
Hence traders can use these levels in their own trade plane to book profits or to enter into the trade or for keeping stops.
Such system of analysis can be used by traders in their own stocks or commodities or forex or in indexes they trade.
