theolove2021
New member
From the left in the above chart, you can see that the price actions makes a series of higher highs and higher lows. But have a look at the last Higher High. From there price pull-back all the way down to the previous Higher Low and broke below that level (Red Zone).
The broke below of that red zone is very crucial. Why is that?
Because price made New Lower Low, which made the previous trend invalidated.
