For me to provide what i want to,our thinking regarding one important aspect should match.
That aspect is trend
Lets discuss Trends.
With the attached image you can visualize a sample downtrend.
just flip the image ,you will get an uptrend.
Please note ,i have not mentioned the time at all.
the green lines are all the lower highs,in the above down trend.
In short the price of the instrument is going down,
Blue is when prices are dropping.
Red is correction when price pullback.they make lower highs in green lines in that image.
Pink lines are showing prices making lower lows.
And that is what is happening in there.
Do we have clarity,on the above.??
First image is down
Second is reversed up change line color accordingly.
That aspect is trend
Lets discuss Trends.
With the attached image you can visualize a sample downtrend.
just flip the image ,you will get an uptrend.
Please note ,i have not mentioned the time at all.
the green lines are all the lower highs,in the above down trend.
In short the price of the instrument is going down,
Blue is when prices are dropping.
Red is correction when price pullback.they make lower highs in green lines in that image.
Pink lines are showing prices making lower lows.
And that is what is happening in there.
Do we have clarity,on the above.??
First image is down
Second is reversed up change line color accordingly.
No image is attached...take care...