E_traderacademy📊

When you see highs like this, all you need to do is to find a buy opportunity and put your stop loss below the support.

HH= higher high HL= Higher low

The current high is greater of higher than the previous high, while the current low is greater than the previous low

*Mark-Up Phase:* Follows the accumulation phase, marked by an uptrend with higher highs and higher lows. This phase is where the price increases significantly.

*Accumulation Phase:* Occurs after a downtrend, where the market is forming a base before potentially moving up. It is characterized by a range-bound movement with low volatility.

*Support:* A price level where a downtrend can be expected to pause due to a concentration of buying interest. It acts as a floor, preventing prices from falling further.

2. *Support and Resistance Levels*: this is a very crucial part of trading.

*Resistance:* A price level where an uptrend can be expected to pause due to a concentration of selling interest. It acts as a ceiling, preventing prices from rising further.

3. *Market Phases*👇

*Sideways/Range:* When the market is moving horizontally between a set of support and resistance levels without a clear upward or downward trend.

*Downtrend:* Characterized by lower highs and lower lows. Indicates a bearish market where prices are generally decreasing.

What it looks like on chart.

An uptrend