Hi guys!
Newbie here! I would like to ask the probability of the 1st cycle of trend (wether uptrend or downtrend) would push to the 2nd cycle? (if it’s uptrend then uptrend or downtrend then downtrend). How do you deal with these chances?
Please feel free to comment! Thanks!
There isn’t a statistically reliable way to predict when a trend will continue or fail. About all you can say is it is still continuing, or it is potentially failing.
But in any trend, price can do one of several (seven I reckon) things next. The most common next thing price does is continue the trend. Regardless, there is no reason to leave a trend if its still trending.