"After being in a downtrend and forming lower lows and lower highs, we retested a key level that acted as both support and resistance. Liquidity was clearly visible, followed by a liquidity sweep before breaking the last lower high. This confirmed a change of character (CHOCH). Now, we’ve retested this level and closed above it, signaling the start of a bullish structure and the end of the downtrend.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.