A trend is just a trend. It's the management of prices within a period of time. One can be readily identified by you. If you can join 2 or more pliers then you have an uptrend. It's a baby uptrend if you join 2 bottoms just where the initial is a major bottom or even a years low. Then you have an middle-aged trend, likely, if it's possible to join three or four bottoms. If you can join over 4 bottoms, then you ought to be dealing with an aging trend in the late 40s.Originally Posted by ;
Don't believe people or books telling you that the more prices touch a trendline, the more it becomes stronger. This is crap. The prices signature the trendline means that the tendency is becoming older and its' death moment is currently nearing. An infant trend has the maximum chance to grow up and develop into a middle aged one and keep the life cycle. But many babies die young. This is due to the fact that the defense system in a baby's body is feeble. Therefore virus or a little infection may kill this baby. The same goes with trends, they are normally weak following their birth. A baby uptrend is more likely to pull hundreds of vendors before it considers of shooting or crying defense to kill it. Those baby trends who survive the part that is hardest find it easy to keep on going on.
It takes low risk to wager on a baby only after his birth and it takes moderate risk to wager on a middle aged guy and the risk increases dramatically when gambling on a late 40s man. So everyone must pick based on his/her own risk preferences.
Anyone obtained what a tendency really is? It's a means of living.
Thanks,
Nader
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