Then the next one
One chart followed from a sweep to the end of the move and into the turn after it, so the sequence stops looking like a single event.
A block is easy to accept as one thing that happens once. On a live chart it is a loop.
The move you have been reading
Gold swept 2,431 with a wick to 2,440. A candle closed at 2,415 below the swing low, so the trend turned.
Price rallied back into the block, broke structure on the 15 minute, and the fall carried on down through 2,409 to the 2,396 low.
Sweep, break, return, continue. That is one turn finished.
Where the fall ends
The fall does not run forever. Somewhere below, it takes the orders under a previous low and gets pushed back.
Register to access everything for free
The course is free. The account is only there to save your place and let us tell you when new lessons land.
Register to access everything for free
The course is free. The account is only there to save your place and let us tell you when new lessons land.
Already have an account?