Why this sharp uptrend, then comes down, to hit stoploss? No.!
Whenever a sharp down trend forming after a long sideways move, One might think that this is being done purposfully to hit the stop losses. But obviously no.
Whenever the sideway move forms after an impulsive move. Its worth to test the upper move is arrested or not. hence, Once again testing peak again, Normally this will take the move much more upwards when the trend succeeds.
On the Other hand when it fails, it will take the sharp reversal and might continue for the quite some time.
Whenever the sideway move forms after an impulsive move. Its worth to test the upper move is arrested or not. hence, Once again testing peak again, Normally this will take the move much more upwards when the trend succeeds.
On the Other hand when it fails, it will take the sharp reversal and might continue for the quite some time.