shows: High (H) and Low (L) points marking important price…
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shows:
High (H) and Low (L) points marking important price levels.
LH (Lower High) and LL (Lower Low) formations, illustrating a downtrend .
A Fibonacci retracement with levels at 0.382, 0.5, and 0.618 .
A horizontal support/resistance zone where price consolidates.
A breakout , where price moves above previous highs and breaks the descending trendline.
A retest , where price returns to the broken resistance area.
The concept of “resistance becomes support.”
A strong upward move labeled “Reversal,” showing the transition toward a bullish market structure.
The note “Price failed to create new low,” suggesting weakening bearish momentum.
Green and red candlesticks represent buying and selling pressure throughout the price movement.
High (H) and Low (L) points marking important price levels.
LH (Lower High) and LL (Lower Low) formations, illustrating a downtrend .
A Fibonacci retracement with levels at 0.382, 0.5, and 0.618 .
A horizontal support/resistance zone where price consolidates.
A breakout , where price moves above previous highs and breaks the descending trendline.
A retest , where price returns to the broken resistance area.
The concept of “resistance becomes support.”
A strong upward move labeled “Reversal,” showing the transition toward a bullish market structure.
The note “Price failed to create new low,” suggesting weakening bearish momentum.
Green and red candlesticks represent buying and selling pressure throughout the price movement.
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