Short excerpt from a YouTube video by Kosta Ouzas ("Winners Don’t Panic—They Prepare") presenting market commentary. Speaker A explains that a newly formed low is higher than the prior low, which the speaker identifies as a bullish structure; the speaker illustrates this with today's price action (pullback and subsequent rise).
We get another low. But here's an important point. This low is now higher than the one before it, right? So what that actually indicates is although the market's going up and down, when we're bottoming out, it's higher than the previous one, which is a bullish structure, right? And if you actually look at what's happened today, right, it's not actually magic. Price came back up again, right? Came back down, and now the low is posted.
