The five step check

The whole module as five steps you can run on any chart, what a break is worth once the bigger chart disagrees, and twenty examples to collect.

Every rule in this module fits into five steps. Run them in order and the answer is never a matter of opinion.

The five steps

Identify the trend.
In an uptrend, watch the lows.
In a downtrend, watch the highs.
A break to the downside is a close below the most recent low. The uptrend becomes a downtrend.
A break to the upside is a close above the most recent high. The downtrend becomes an uptrend.

Five steps, one chart, one line.

Take the daily chart. Name the trend: lower highs and lower lows makes it a downtrend, so you watch the highs.

Mark the most recent high and write the price down. Then wait for a daily candle to close above it.

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