In a sequence of lower highs and lower lows, a close above a confirmed lower high is new evidence. It challenges the earlier downward sequence.
It does not tell you that a higher low has formed, that the next retest will hold, or that the higher timeframe has reversed. Those are separate observations that require later candles.
Mark the timeframe and the broken swing. Then describe what changed and what is still missing. A CHoCH label can name a contrary break; it cannot supply the missing evidence.
#MarketStructure #ChartReading
For further reading: Market Structure Trading: HH, HL, LH & LL Explained | Trading Turtle
https://tradingturtle.in/market-structure-trading/
It does not tell you that a higher low has formed, that the next retest will hold, or that the higher timeframe has reversed. Those are separate observations that require later candles.
Mark the timeframe and the broken swing. Then describe what changed and what is still missing. A CHoCH label can name a contrary break; it cannot supply the missing evidence.
#MarketStructure #ChartReading
For further reading: Market Structure Trading: HH, HL, LH & LL Explained | Trading Turtle
https://tradingturtle.in/market-structure-trading/
