Characterized by Lower Highs (LH) and Lower Lows (LL).
Characterized by Higher Highs (HH) and Higher Lows (HL).
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Signifies the exhaustion of the current trend.
Aiming for at least a 1:2 or 1:3 ratio to ensure long-term profitability. Characterized by Lower Highs (LH) and Lower Lows (LL)
When a resistance level is broken, it often turns into support.
Sunil Gurjar often discusses classic patterns that repeat across all time frames: A major trend reversal pattern. price action trading book by sunil gurjar pdf google drive
Signals potential reversals at key levels.