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1 year ago

Is this what traders do not understand about trends?

Technical Analysis can give the trader an edge in the market, this fact has been proven over many studies.
But do traders really understand price action?

The chart below while moving from 90c to $1.83 has produced many pullbacks after the breakout, that would stop out the most dedicated trader.
Why the importance of understanding what the “Primary move” looks like and then the “Secondary move” is the first step in understanding Trend Analysis.
Patience would have been required to step into this trend and hold a position no doubt.

 

FLN