The stock always moves against the direction of Original trend in order to make believe the brake out is happening and retail trader will buy , but it never changes its original direction until it makes a specified price level in order pick the stocks at low price and start towards the higher level
i just made an attempt to explain it in Graphically representing by arrow mark towards the original trend
If anyone have Questions please ask i will try to answer
Regards
i just made an attempt to explain it in Graphically representing by arrow mark towards the original trend
If anyone have Questions please ask i will try to answer
Regards
Comment:
Did you see the spike to take all buying small retail traders ?? its really pain full in this kind of price action
Comment:
Did you miss me , Humm , i told you the original trend where it is heading
Trade closed: target reached:
Price did make 298 i dont think the stock will come down further Covering my short at 305