Dislikedlets call it sideways or a consolidation. here is another picture. We are sideways yea, but trending definition is not complete without another most important indicator. look at SMAs.
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P.S: i can say its a trend change only when a crossover on SMAs happen or/if the price reaches the bottom smaIgnored
more than that I am looking for 1.363 for the price where my bull run is done.
until then i will only concentrate on longs.
Rule No.1: Never lose money. Rule No.2: Market is always right !