Peaks and Valleys or Tops and Bottoms are technically consistent. They adhere to the rules of .
• All failures on the way up always fail at previous support lost (at previous peak)
• All valleys generally form from the support just above a previous valley or a significant support from the leg up.
Isn't it funny how many traders like to call these moves "false breakouts"? They do this because they don't understand how to properly read a chart.
It's funny how many traders do not even understand the basics of ...food for thought.