Here we see the market rejection the trendline..
Common mistake buy or sell off of trendline rejection alone
Why
Here we see the trendline been respecting but IMO it’s old only fresh trendline ps of 3 touches are safe to trade off.
As we see the bulls have more candles retracing to the trendline then the other touches this is a sign that they may attempt to run high
This don’t mean buy. But we trade based off of signals n it’s just that when u get many signals u take the trade simple win or loses isn’t what matters what matters is can u justify ur trade?
Common mistake buy or sell off of trendline rejection alone
Why
Here we see the trendline been respecting but IMO it’s old only fresh trendline ps of 3 touches are safe to trade off.
As we see the bulls have more candles retracing to the trendline then the other touches this is a sign that they may attempt to run high
This don’t mean buy. But we trade based off of signals n it’s just that when u get many signals u take the trade simple win or loses isn’t what matters what matters is can u justify ur trade?
