I invite you to look at the current situation example, where you can see a lower high formation that has been formed, which could potentially lead to a larger price correction and the formation of a lower low in one of the 3 potentially designated locations.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.