Has anyone thought about what it takes to turn a Strong Trend around?
As far as I know there are three things that can turn the market:
1; In a Down-Trend, see NZD/USD Chart below, all the Sellers Liquidate (Buy) at the same time.
2; The Market hits a Zone of heavy Buying Volume that is enough to consume the remaining Selling Volume.
3; The Big Institutions have been Buying into the Down-Trend so when there are no more Sellers, for them, to Sell to the Market goes up.
As far as I know there are three things that can turn the market:
1; In a Down-Trend, see NZD/USD Chart below, all the Sellers Liquidate (Buy) at the same time.
2; The Market hits a Zone of heavy Buying Volume that is enough to consume the remaining Selling Volume.
3; The Big Institutions have been Buying into the Down-Trend so when there are no more Sellers, for them, to Sell to the Market goes up.