When the Low was broken the market reversed to the upside hence when the high was broken we know price is likely to reverse to the downside...
As we can see after breaking the high price gave a small correction and the we got an impulse movement to the downside... we expecting a larger correction before we can get a larger structure
In Conclusion if this happens...
Price broke the all time high, which tells us that :
- Price will create a correction then give us an impulse movement
Since price created an intergrated area ( where price is more likely to reverse )
* We expecting price to go break that area
*Since price currently gave a correction then impulse so
we must wait for price to create a larger correction than the...