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RE: Steemit Crypto Academy Season 03 - Week 02 | Market Structure Break (MSB) Strategy to Trade Reversals
In simple words, you will see price moving in an upward zig-zag pattern going down.
This should be downward zig-zag pattern, am I correct prof?
Rectified
Another question prof. @cryptokraze
Can Lower High formed on downtrend too?
On downtrend lower highs are formed along with lower lows.
We focus on the 1st lower high at top of uptrend so we get ready to trade the reversal on market structure break. 1st lower high is very important to get trade entry at right time.
Understood.
However, can we recognize these points as Lower highs?
Yes these are lower highs
Got it, Thanks prof.