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?
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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.