Im looking at every decline in the downtrend. When the price has broken below the 12 and confirmed on the daily it has led to a decline to a lower low.
This last time it dropped below and confirmed and then on a low volume weekend it pushed back above and has risen to where we are now. Low and declining volume.
Would this suggest a bull trap?
With no strong volumes accompanying any continued rise can we expect a decline to a lower/higher low as previously. Which one should determine(volume being the caveat) as to where we are, going forward.
All comments welcome...
This last time it dropped below and confirmed and then on a low volume weekend it pushed back above and has risen to where we are now. Low and declining volume.
Would this suggest a bull trap?
With no strong volumes accompanying any continued rise can we expect a decline to a lower/higher low as previously. Which one should determine(volume being the caveat) as to where we are, going forward.
All comments welcome...