How to define a Weak Trend
A Common characteristic of a weak trend: (Uptrend) • No-Gap opening (or) Gap opening in yesterday’s Range• Move with overlapping bars• Trending PHs and PLs but with deep pullbacks• Major sideways correction after every BO• Pullbacks cross EMA (Consecutive 2 (or) more strong bars close below EMA)• Pullbacks go below prior swing high• Significant Trend […]
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