Referring to following image, there is only one big going up bar.
Does anyone have any suggestions on whether the current trend is up or down?
Thanks in advance for any suggestions
Trend Up or Down?
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- Roundtable Knight
- Posts: 427
- Joined: Mon Jun 01, 2009 4:12 am
- Location: once again in the UK
Re: Trend Up or Down?
Maybe it depends on how you define a trend and what is current.
if one bar defines it for you, or a series of bars, or a horizontal line, or a sloping line. Maybe its is determined on if you are long or short already......
Suggestion - one bar is irrelevant without context.
if one bar defines it for you, or a series of bars, or a horizontal line, or a sloping line. Maybe its is determined on if you are long or short already......
Suggestion - one bar is irrelevant without context.
Re: Trend Up or Down?
oem7110 wrote: . . . there is only one big going up bar. . . .
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Re: Trend Up or Down?
I know it's an old thread, but got to agree with the swallow comment above. A trend can't be determined by a single up bar, you need price action, highs / lows etc to tell you where the sentiment is going.. You can catch a range breakout with a single momentum bar, but that is another strategy altogether.