There are no big differences between red and green low test bar. The important thing you need to know is the read the price actions correctly. Ask yourself many “W” types of questions, such as:
• Why is there a low test bar near $2.05?
• Why is there a low test bar near $2.17?
• What prices are significant support and resistance?
I believe this is a correct way to learn technical analysis in terms of a lot of mind read.
CDA is going to take off from support level S1, and may reach the pink cross position near $2.30. Will it break the down-trend line? To answer this question, we have to wait a few more bars for any hints.
• Why is there a low test bar near $2.05?
• Why is there a low test bar near $2.17?
• What prices are significant support and resistance?
I believe this is a correct way to learn technical analysis in terms of a lot of mind read.
CDA is going to take off from support level S1, and may reach the pink cross position near $2.30. Will it break the down-trend line? To answer this question, we have to wait a few more bars for any hints.
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