30B Deep PBs

Hi Noah,

I think the key is to look for breaks above "major" lower highs. Major being the start of the leg that eventually resulted in a strong bear BO below prior lows. For example, when the chart still looked like this, (A) resulted in a pretty strong BO+FT below prior lows, then (B) also broke lower but not as strong or as far. So some traders would pay more attention to (A) than (B) and if bulls can take it above (A) they will conclude that the bear trend has officially ended (for now).

Later on they might be looking at this (A) level to consider bear trend broken:

And even later, when it's more of a broad bear CH they might be looking to see if (B) move goes above this (A) to consider bear to have ended:

You can think of it as price action on 5M timeframe developing and spilling over into higher timeframes as the chart grows. Somewhere on the 15M or 30M or 60M they are getting their own  big trends and breaks above their own versions of prior lower highs. For us on the 5M it's takes the form of broad channels, so we can still consider bearish bias to be present and look for sells.

Also, just because a bear trend may have ended, doesn't necessarily mean it's a bull trend now, more likely TR. But as long as there's room (like when enough price action accumulates to build a broad channel) then it's ok to trade in both directions and look for longs as well (if low enough in the channel/range).

So what is major and which break of prior lower high to consider as "end of trend" is largely discretionary, there's not always a single definite answer, it depends on the chart. But with enough experience a trader can develop a good sense of which break of what is more likely to lead to a TR or at least dampen bearish pressure down the line.

Hope this helps,
CH
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Yes understood thank you, and thanks for the detailed response, really appreciate it!

Noah, just some visuals (attached)