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Tutorial Step - Let's Zoom Out!

Summary: We've got an idea of what's going on in the 1H time frame. Let's zoom out a bit and take a look at the intermediate-term.
I just brought you to the 4H chart, on the same dates. Notice the following:
  • Breakdown: The breakdown we saw in the 1H chart is evident in the 4H chart too.
  • Immediate past: Before the breakdown on April 10th, the market had been ranging for a while.
  • Before that: The market was trending upwards—that is, the intermediate-term was in an uptrend.
  • Downtrend: The breakdown on April 10th marked the start of a downtrend in the intermediate-term.
Tutorial Step - What Else is Going On?
Tutorial Step - The Big Picture!