Even with the new lower swing high inplace price needs to start breaking demand which it may not do first time around. Supply formed with sell orders above looking to hold price down. Need the last swing high to remain uncrossed with price looking to form new swing low. Targets below
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isomorph
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also, why did you use the 11.30 0200 candle as a sppt reference point? and not, say, the 2 candle lows on 11.29? in other words, i'd like to understand what makes you decide the 11.30 candle is more significant to identify the sppt level? do you use another lower TF to decide that?
isomorph
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btw, do you ever use pivot levels on your charts (yearly, monthly, weekly)? or do you solely trade off the S/R levels you identify on naked charts?