Here is what is classified as a true uptrend, price is making Higher Highs consistently, -but is it, or is it just a perception of an uptrend ?
If a trader held Longs from its Sep 06, 2020 with nerves of steel, then it would have given him something to smile about.
I however, would call this neutral, but if you have hopes that it will still go up then you would be chasing the trend...-right?
.
Khiwe
At this profile page, the shared analysis, ideas and also, the strategy of a chart belong to Khiwe. The technical set-ups are speculative, they are not guaranteed for accuracy or in completeness in the form of any content; -it is not to advice on financial markets. Please apply your own analysis and confirm it with price action.
If a trader held Longs from its Sep 06, 2020 with nerves of steel, then it would have given him something to smile about.
I however, would call this neutral, but if you have hopes that it will still go up then you would be chasing the trend...-right?
.
Khiwe
At this profile page, the shared analysis, ideas and also, the strategy of a chart belong to Khiwe. The technical set-ups are speculative, they are not guaranteed for accuracy or in completeness in the form of any content; -it is not to advice on financial markets. Please apply your own analysis and confirm it with price action.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.