Now it’s your turn. At this point in the course we have set a task to reinforce what we’ve shown you. This task will require you to use your broker’s charting package to carry out the exercise.
Goal: To identify the prevailing trend.
Exercise: On a chart of any security, using what you’ve just been taught find a 1Hour price action that is correcting against the overall prevailing trend in 4Hourly and End of Day timeframes. (1H falling and 4H/Eod uptrending or 1H rising and 4H/EoD downtrending)
Difficulty: 3/3
Time to complete: 15 minutes
Solution….don’t press play until you’ve done your bit: