Breaking the last peak - the beginning of a new trend on 1H.

٥ يناير

If the market breaks the previous peak, according to Dow's theory, we have the beginning of a new trend, which we observe at the 1H interval.

The preliminary scenario assumes entries at the breakout of this peak. At the same time, it will be a breakout of the EMA average.

Remember, this is just one of many possible scenarios and this idea is for educational purposes.