The support forum is built with (1) General and FAQ forums for common trading queries received from aspiring and experienced traders, and (2) forums for course video topics. How to Trade Price Action and How to Trade Forex Price Action videos are consolidated into common forums.
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Your basic understanding is fine and everything. What you're saying is correct as well - the L1 marking isn't accurate on the second slide.
Still, instead of rigidly sticking to the technicalities - I think you'd be better off if you looked at each Ln-s as the nth attempt to resume the bear trend. So, each triggered Ln signal is nothing but the attempted breakout of a bear flag. With each failed Ln signal, the market needs an Ln+1 signal to resume the trend until you eventually conclude that a bear trend is no longer in effect and has converted into a bull trend.
Similarly, if you're counting Ln-s in a bull trend - you're counting nothing but the number of attempts the market is making to reverse into a bear trend.
Thank you, Abir!
I appreciate your guidance. While reading the glossary definitions of these bars and attempting to validate them using the markings on the Ln and Hn chart, I believe some of us might be getting overly caught up in technical details. When we take a more relaxed approach to the technicalities, it starts to make sense. I was initially fixated on the markings, and some charts confirmed my understanding while others piqued my curiosity.
Your response has been very helpful, and I anticipate having more questions as I progress through the course. I've been grateful for the support and answers I've received here in the forum.
Sudeep
Its good though that you are asking these specific questions which seem technicalities because when it comes time to place a trade, its the specifics that will determine which bar will you put the trade on - for e.g - What does it mean if the Hn signal is a bear bar and there is a strong bull entry bar etc
