The larger swings remain higher high and higher low - however the insets, the red boxes, have not changed and we still have lower highs and lower lows. I like to long based on the larger swings but there is always a chance price could make a lower low on the bigger swing. It would not take much to show price is willing to go higher, if we get a retrace here and it is a higher low on the inset swings then I would expect a higher high effectively changing the inset swings to moving up. Alternatively if price breaks the bigger higher swing low then price would be switching to lower highs and lower lows.