A lot of traders here on Tradingview forgets how price moves and how trends work.
A lot of people trade against trends before there is any indication of price reversal.
This chart is a reminder to all those and myself too. we need to watch out for these reversals and accept the market as it is and not as we want him to be.
Trends are the most basic thing u can learn about trading and if doing it correctly, these are almost always the most profitable.
Trade with the trend not against it is written in every book I have read in the past 5 years.
Safe Trading!
A lot of people trade against trends before there is any indication of price reversal.
This chart is a reminder to all those and myself too. we need to watch out for these reversals and accept the market as it is and not as we want him to be.
Trends are the most basic thing u can learn about trading and if doing it correctly, these are almost always the most profitable.
Trade with the trend not against it is written in every book I have read in the past 5 years.
Safe Trading!