MOVE OF INDEX WILL GIVE A CLEAR IDEA ABOUT THE TREND
Let's see when it breaks the consolidation
Recent candle giving confirmation of a swing high and any closure below PDL will initiate short Trade 636 . Break of plotted resistance will make it higher and will initiate a long trade .
Volume is constant over time. A decreasing volume would ad given more confirmation of breakdown. In watch list now
Siemens in currently uptrend on daily chart 1250+ is Buy 1240 - is a sell for instantaneous gains
bearish movement takes it to lower price ranges. decreasing volumes further confirms trend . Sell below 1665
analysis and reason on chart. Stock is in downtrend for 2 days making lower highs with selling candle. expected move is on lower side
Trend analysis is a way of prediction however strategies are well proven and tested way of reacting to market. There are some people who predict the market with better accuracy and there are some people who are involved in re-acting the market. It takes practice, risk management and confidence to make a trade in your favor.