To me that run up looks like a corrective upward move, the general trend is still down with continuous LH and LL's maybe it is trying to reach a breakout point and sellers will take it down from there , I'm wondering how you define the wave up and down ?
I have been trying to trade with the trend, but it turns out that timing that entry and telling apart corrective move from impulse wave is so much more challenging than buying low and selling high which is a no brainer and if you're lucky you can really hit home runs.
I have been trying to trade with the trend, but it turns out that timing that entry and telling apart corrective move from impulse wave is so much more challenging than buying low and selling high which is a no brainer and if you're lucky you can really hit home runs.
Tape reading is an ART