Analyzing a Downtrend Trade Opportunity
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Would you buy or sell? You have five seconds to decide. All right,
time's up. Now, let's analyze it together and see the answer.
Firstly, we can see that price is in a downtrend, creating lower lows and lower highs.
At the moment, price is in a deeper retracement. And why do I say this bullish movement
is just a retracement? Let me explain. Notice how price was moving to the downside with large
candles, leaving fair value gaps behind. But when it started pushing up,
the candles became smaller and began forming rejection wicks, a clear sign that
buyers are getting exhausted. Looking to the left again, we can also see
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