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I'm a little confused by this slide. In one of the former slides, we are calling this Bull Leg a minor Reversal. Whereas here, we assume this to be a Bull Trend, from where we will try to find a MTR-trade.
In other words, we are still waiting for the Bear Trend to Reverse into Bull Trend (MTR), but we are already looking for a MTR from Bull to Bear. Maybe for an experienced trader, these are both valid trades. But for educational purposes, it's a bit complicated...
Feel free to disagree.
Marvin
