This post complements my earlier post made on 15/10 tradingview.com/symbols/ASX-MFG/.
It shows the bar where a medium term trend has changed from down to up.
It is a simple as drawing zig zag lines and noting the high and low points where CHANGE occurs.
This change, in the case with MFG, alerts us that the bears have lost control to bulls in the medium term.
Although the next higher timeframe trend( Long Term or 3rd Time Frame not shown) remains down change here means a counter-trend rally being underway.
Again, this post is for educational purposes only.
It shows the bar where a medium term trend has changed from down to up.
It is a simple as drawing zig zag lines and noting the high and low points where CHANGE occurs.
This change, in the case with MFG, alerts us that the bears have lost control to bulls in the medium term.
Although the next higher timeframe trend( Long Term or 3rd Time Frame not shown) remains down change here means a counter-trend rally being underway.
Again, this post is for educational purposes only.
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。