Zoom out and you will see that it is still in consolidation.
Could even be a trend continuation flag/pennant.
Current stage can only be called an "upward correction" at best.
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Disliked{quote} Since when does a double bottom means a confirm uptrend? Zoom out and you will see that it is still in consolidation. Could even be a trend continuation flag/pennant. Current stage can only be called an "upward correction" at best.Ignored
Disliked{quote} It does not confirm, its just a clue to a possible trend change. higher highs / higher lows on the 4 H chart confirm itIgnored
Disliked{quote} It does not confirm, its just a clue to a possible trend change. higher highs / higher lows on the 4 H chart confirm itIgnored
Disliked{quote} makes sense. my bias - long term downtrend became pretty weak, so this may be the start of a new trend...Ignored
Disliked{quote} Ok I see why you say its uptrend. I use weekly chart to determine trends. Cheers mate.Ignored
Disliked{quote} ADR and ATR get me. Seems like the same thing- but different names.Ignored
Disliked{quote} too early for that. there are lots of accounts to be burned until thenIgnored
Disliked{quote} Nope they are different . ATR has its own conditions. Look for Average True Range and its formula.Ignored
Disliked{quote} But which is better? I've used ATR the whole time, yall folks use ADR.Ignored