Yes the symmetry comment is something we have discussed many
times and I did in the educational video as well
after a symmetry break of an uptrend that has been going on for
a while, you generally get a lower high, that said you don't always
get a sell off for a lower low, sometimes you get a lower high,
then a pullback that forms a higher low (doesn't take out the last
low) and technically you had a lower high where symmetry played
out.
if the market goes back to the highs, you would have such a case
here, you technically did get a lower high and a nice pullback from
that to form a higher low
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Yes the symmetry comment is
I need some help interpreting these perhaps conflicting charts. What ...
Posted by matt on 3rd of May 2024 at 12:34 pm
Yes the symmetry comment is something we have discussed many times and I did in the educational video as well
after a symmetry break of an uptrend that has been going on for a while, you generally get a lower high, that said you don't always get a sell off for a lower low, sometimes you get a lower high, then a pullback that forms a higher low (doesn't take out the last low) and technically you had a lower high where symmetry played out.
if the market goes back to the highs, you would have such a case here, you technically did get a lower high and a nice pullback from that to form a higher low