You’re welcome, I’m always happy to contribute a bit of time to discuss with those who are enthusiastic about learning. Don’t know if I would categorize my comments as “beautiful”, but I thank you for the compliment.
I understand your thinking around what a “high” is, but it is very subjective. Be careful when trying to describe one subjective term “high” by using other subjective terms like “turning point” because now we need a detailed, objective description of what a “turning point” is.
I’ll demonstrate this subjectivity with 2 charts below, they are the same 4H timeframe. We’re going to focus on the area where you placed your descending channel.
The first is zoomed in
And the other is zoomed out
Which of these 2 is more accurate? Is that area (where you put your descending channel) 1 turning point or several? How can a trader be certain of their analysis, if zooming in and out on the same chart / timeframe completely changes the picture?
This subjectivity causes confusion and uncertainty, which lead to me second guessing my strategy & trades, entering / exiting too early or too late. And this lead to me mistakenly believe that I just needed to find the “right” strategy among the 1000s out there. When I couldn’t make any of these strategies work, I thought something was wrong with my “trading psychology” and all other sorts of nonsense. Years of time, effort, blood, sweat and tears wasted!
Details matter and a trader that wants to succeed must remove subjectivity & bias from their analysis.
Edit: I just saw that I mentioned this same thing in your Elliott Wave thread. I can’t stress how important this is, it is the basis for nearly all technical analysis