Trend Line

Here we see in the upward trend how the trend is corrected through the previous rise, we conclude the corrective decline and vice versa -

Note

We notice that it took the liquidity of the previous peak, i.e. a peak higher than a peak, then made a correction, while it did not take the liquidity of the previous bottom, but rather descended to form a bottom not lower than a bottom, and thus a price channel was created.

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