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Hello Everyone,
In lecture 22A Major Trend Reversals slide 15, Al here drew the green trendline and the swing trade kept going till the break of the green trendline and the LH MTR, however I have a question to how would Al/you decide to hold for this long? I am asking in order to learn how to hold longer for winners and not to decide to bail out, if I am live trading I would have drawn the red trendline, and considered it as an already LH MTR at the horizontal line I drew and a trendline break, and with the massive selling pressure inside the red box, I would have taken my profit and foreseen a bear trend already starting with always in short,
I can see the major high not broken yet, but with the LH MTR and the massive sell pressure when live trading sometimes/ most of the times for my trades it will just keep going lower
I don't have much experience, so please correct me if I'm wrong. But I would say that the break in the red trend line is not enough to be an LH MTR, because we are still in a bull trend. However, the selling pressure in the red box is strong, so Al also refers to this as a Higher High and Lower High MTR.
