Going from memory now as I made this for you.
The black Verticle lines are the lows. The blue verticle lines are the highs.
The orange are the trending low for sequence, with the red the previous. The purple is the previous high.
Um. I can't refer to the pic as I write this. I think I left the little black lines to show my 5 min chart analysis.
I put two lines to show how low I think it could go before entering the next ATH, marked in blue.
We should hit the lowest point of either yellow or orange (really, this is just a guess) around the last black mark before entering an upswing to ATH. Or at least a good upswing of magnitude.
Hope this helps.
Basically. Turbo is in a downtrend. Go with it.
Look for entry in the continuation of the downtrend (pullbacks, local highs), take your profits and go again.
Around the time of the black verticle line. Hodl.
When you see a serious break in structure (before or after the black verticle), the uptrend has begun.
Once this happens. Get in to the upside and hold on!
The black Verticle lines are the lows. The blue verticle lines are the highs.
The orange are the trending low for sequence, with the red the previous. The purple is the previous high.
Um. I can't refer to the pic as I write this. I think I left the little black lines to show my 5 min chart analysis.
I put two lines to show how low I think it could go before entering the next ATH, marked in blue.
We should hit the lowest point of either yellow or orange (really, this is just a guess) around the last black mark before entering an upswing to ATH. Or at least a good upswing of magnitude.
Hope this helps.
Basically. Turbo is in a downtrend. Go with it.
Look for entry in the continuation of the downtrend (pullbacks, local highs), take your profits and go again.
Around the time of the black verticle line. Hodl.
When you see a serious break in structure (before or after the black verticle), the uptrend has begun.
Once this happens. Get in to the upside and hold on!