‼️ When there is an uptrend market and the price fails to break the last top (Swing High) and breaks the previous bottom (Swing Low), an SMS is considered to have occurred (vice versa for Bearish). Also, this pattern is considered a good confirmation for reversal.
Try to use it and you will make your analysis better!!!
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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.