This is the one instance where major Retail gets trapped thinking its start of New Trend ,
Some time even the Pro gets trapped , but for sure We Know what exactly its happening here
We call it as Running Expanding Flat where the internal structure looks like New leading Impulse but facts are far away form it
Its just an Elongated pull back before resuming the bearish trend
This also indicates the Entire Trend is at last drop
and once this pattern completes the Net Trend will start
One can look for Going long on reversal daily candle , and cover near the forecast area and Go short on reversal daily for Next leg down
Some time even the Pro gets trapped , but for sure We Know what exactly its happening here
We call it as Running Expanding Flat where the internal structure looks like New leading Impulse but facts are far away form it
Its just an Elongated pull back before resuming the bearish trend
This also indicates the Entire Trend is at last drop
and once this pattern completes the Net Trend will start
One can look for Going long on reversal daily candle , and cover near the forecast area and Go short on reversal daily for Next leg down
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