Total 3: HTF Analysis - Update

Total 3 also confirmed lower highs after rejection on the diagonal trendline, which is what I suspected yesterday. Very similar pattern to other indices. If it can make higher lows here or at least in the 546B area, then we can consider a change in trend. Otherwise, I would also be eyeing a bear range high, as shown in the chart below.

For new mid/long term spot investing, I only have two HTF triggers, a bear range high or a trend change, which is a breakout of the diagonal trendline. Anything else is more suitable for scalping and swing trading, but not for the long term. Remember, these are very HTF plans, so they should not confuse you when trading on LTF.

Also remember that I am neither bearish nor bullish. I want to focus entirely on the data and not build a strong bias in any direction.