GBPAUD: BUY CLIMAX IN .....?????

UP TL= A line from the Lowest Low, upward and to the highest minor low point preceding the Highest High so that the line does not pass through prices in between these two points. Ray the line upwards past the
highest High Point.

Paraphrasing TRADERVIC.

The reverse is true for DOWN TL

VERY EFFECTIVE FOR DETERMINING TREND REVERSALS