Follow trend until next color change
readers message
———————
in this video which you have sent to me.
At 1:40 to end of video, i can not understand, please clear this with an example it will help
———————
step1
identify previous high and low
if today high is higher than previous high
then trend strong
price up this indicate black candlestick at bigger time frame
and also previous close is higher than open
this means bull candlestick
if today low is lower than previous low
then trend weak
price down this indicate white candlestick at bigger time frame
and also previous close lower than previous open
this means bear candlestick
step2
identify color change
color change means trend change
step3
follow trend until next color change