There are directional changes this week (5/6) and next week (5/13). This week's directional change was pretty clear and initially I expected a decline to continue at least into the next turning point (5/20) and potentially through the week of 6/3 which is the strongest target. But there is a directional change for next week and the write-up indicates a rally into 5/20 so that really muddies the water.
I'd say that turning point on last week played well and produced low after 4/22 high and I expect rally into week 5/20.
May was a turning point.
Since previous monthly turning point was definitely low, I would expect May to turn out to be the high. We stil have plenty of time to achieve this.
That brings me to my most painful question. How to identify turning points?
I have seen in manuals and got answers from support that you just have to look at array and identify the highest bar.
Issue with that is that after each close, other period has the highest bar. That way all periods are turning points, which is useless.
How do you identify turning points?