by eric-pal » Wed Oct 11, 2023 11:59 pm
Try drawing the short term trendline from the top of the pattern.
Your objective is to be aware of when the selling pressure has abated. You are looking for the retracement to have completed and the trend to have resumed. In a short bar, one must see very specific things. Over a longer bar, one has more of an opportunity to judge.
Also, take your question back to the quiz question again and note the differences and similarities. The underlying question - when is the pullback over?!!
Hopefully helpful and good trades to you!
Try drawing the short term trendline from the top of the pattern.
Your objective is to be aware of when the selling pressure has abated. You are looking for the retracement to have completed and the trend to have resumed. In a short bar, one must see very specific things. Over a longer bar, one has more of an opportunity to judge.
Also, take your question back to the quiz question again and note the differences and similarities. The underlying question - when is the pullback over?!!
Hopefully helpful and good trades to you!