Free info – learn what exactly is!
Free info – learn what exactly is!
This was late December, right? Let me make sure I’ve got those dates rightforextrading . Yeah, late December coming into January, here is we’ve got the 30th, the 31st.
Coming in now to the beginning of January, once we hit into January, if you remember, what we were looking for then was the creation of a higher low.
Mac XNow, the reason why we do that is because typically when markets bottom you get a push down about well, oftentimes here’s the pattern whoops you get a push down, a bounce, another push down which of course breaks below this prior low and then usually you get a churning action, something like this where you get some compression for a little while, sometimes a triple topforextrading . sometimes a double top.
And you get one final push down which usually breaks below these two lows but not this one usually, sometimes it can.