now that we have found support and resisitance we cna start o look for a Higher High Higher Close or a Lower Low Lower Close. In this exaple we got a Higher High Higher Close.
Now draw a line from the lowest low of your support to your most recent high. Lable this point as HHHC.
We dont have a trade just yet but, we now know we want to look for a long entry.
We must now wait for a New Structure High.
Now draw a line from the lowest low of your support to your most recent high. Lable this point as HHHC.
We dont have a trade just yet but, we now know we want to look for a long entry.
We must now wait for a New Structure High.
