higher it goes better for Bears
My best advise is don't get carried away by "trends"
Every trend ends and new one begins.While its difficult to predict when its topping off you don't want to be buying at the very top either.
Present PA could be simply new down trend going typical zig zag motion down while you are mistaking for continuation of up trend.
Keep in mind price rarely goes flat down or up.
I posted the image to illustrate that its normal for PA to get reaction after dropping from 68.
My best advise is don't get carried away by "trends"
Every trend ends and new one begins.While its difficult to predict when its topping off you don't want to be buying at the very top either.
Present PA could be simply new down trend going typical zig zag motion down while you are mistaking for continuation of up trend.
Keep in mind price rarely goes flat down or up.
I posted the image to illustrate that its normal for PA to get reaction after dropping from 68.
Attached Image
In trading, you have to be defensive and aggressive at the same time