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participation on the push upwards.
This doesn’t mean we go ahead and pencil in a bull move and start
implementing strategies that take advantage of the upcoming bullish move.
Remember, nothing is for certain in the markets. Don’t change your bias or
strategy until the turning point decisively breaks.
Some key things to note here are that a turning point is always a major S/R
level. It is usually a swing point where a large number of with trend forces
gather to support the trend. This will not always be the case, so don’t make
the mistake of hanging on to older turning points.
The current order flow and price action are what matters the most, so pay
attention to that above all else. Also, note how the candles that test this
level all have wicks on top of them.
This indicates that the bears are quite strong here and that any subsequent
attack will be handled the same way until the level breaks. Do we know
when the level will break? Well, we can’t say with any accuracy. However,
we can estimate the probability of it breaking.

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The latest upswing has seen very little bearish pushback, comparatively
speaking, and the push into the level is strong. Instinct would say that
there’s one more rejection left here. However, who knows? Until the level
breaks, we stay bearish. When the level breaks, we switch to the bullish
side.
Putting it all Together
So now we’re ready to put all of this together into one coherent package.
Your analysis should always begin with determining the current state of the
market. Ranges are pretty straightforward to spot, and they occur either
within big pullbacks in trends or at the end of trends.

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CHAPTER 15: