Whether or not one buys the higher low that occurs between 1045 and 1100, one can now draw a demand line underneath that low, beginning with the previous day’s low. Note that this is a demand line, not a trend line. It tracks those levels at which demand enters the market and stops or turns price. Therefore, whether 17 hours’ worth of time bars are included or not is irrelevant. One can use P&F or, as here, he can use CVBs. Since only two “points” are needed, the line can be extended toward the EOD.
Once this line is plotted, it can be copied and another, parallel line placed at what has so far been the swing high. This is also extended toward the EOD so that the trader can monitor the behavior of price if and when it approaches this line.