Redtape Limited
Long

Charting Counter Trends with Broadening Formations

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This chart offers a deep dive into three vital technical pillars:

1) White Box -The demand box marks a price area where buying strength repeatedly emerges, acting as a support anchor.

2) White line - The supply line overhead identifies zones where selling pressure historically dominates, framing resistance.

3) The Red line -A red counter trendline (CT) tracks recent corrective moves against the broader swing, helping isolate short-term rotation.

4) The Green line -Overlaying these, the green broadening pattern signals consolidation through widening highs and lows—a structure often missed at first glance.

By stacking supply, demand, counter trendlines, and broadening consolidation, traders can recognize layered market behavior. Patterns rarely exist in isolation; understanding their interplay builds disciplined chart reading skills and deepens price action insight.

Disclaimer: This content is for educational purposes and not financial advice. Always do your own research before making trading decisions.

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