Check the chart below and answer truthfully: Where would you have entered? 😉
One of the main things that has been requested more often lately is some multi-timeframe examples, and since they're not (yet) in course format, I will be doing some chart examples of how I view movements and some concepts to study.
The purpose of counting "swings" isn't always to be able to risk off of these areas, but to determine which TIMEFRAME is making the move.
Multiple attempts at reversing a trend USUALLY indicates that it's a lower timeframe pullback (which we want to trade a reversal of) rather than initiative movement from a higher timeframe (which we want to trade alongside)
Enjoy and comment your thoughts below!