I am doing this chart as a study of rather than an actual trade. I have drawn two forks. Also drawn is a clone of A's lower MLH to center ML and a line connecting two recent major lower . Price appears to be headed to a confluence of B's center ML , cloned lower MLH and . This is the next area of potential support/ buyers.
Hello Kapital, Great observation! I debated over these points for some time. I will often use line charts to help construct these charts. Sometimes an average is better than pure candle stick points. The first point is taken right at the tip of this line chart. The second one I debated for some time. In the end, I settled for the middle of the tip of this second pivot. Here are a couple of charts behind the choices. Thank you for the question.