As you can see we are in a very strong uptrend and price has reached at the level of a significant/psychological SNR & SUPPLY ZONE. Because of frequent sudden strong moves price did not have time for stabilisation but now it appears market is trying to find some sort of stability. On a Daily bias because of strong bearish candle (marked in the chart) market will try to close below that candles low and again there’s no significant snr and demand zone.
a sustainable trend is when price takes a proper retracement (ex. Till 50% or 32% level of fibonacci level). In this case there is strong bullish move w/o proper retracement.
Note- always find what successful traders have and what you lack and what’s stopping you from being unsuccessful, if they can do it you can too afterall we are all humans.
a sustainable trend is when price takes a proper retracement (ex. Till 50% or 32% level of fibonacci level). In this case there is strong bullish move w/o proper retracement.
Note- always find what successful traders have and what you lack and what’s stopping you from being unsuccessful, if they can do it you can too afterall we are all humans.