HOW DO YOU CONFIRM IF A NEW DOWNTREND HAS STARTED OR IF THE PRICE IS JUST FINDING SUPPORT BEFORE RESUMING THE UPTREND?
I didn't trade at this time while I am confused to whether buy or sell , So I wait for first market to show a proper direction a break of structure a clear one side move
Okayy bro
For market reversal or continuation i go for OB or Fvg and when price sweeps PDH or PDL . if you add some volume profile to this this will work out .
Okay bro
That's a good sign
A new downtrend is confirmed when price breaks previous swing lows, fails to reclaim key resistance, and starts forming lower highs and lower lows on structure. If price is just finding support, it will usually hold higher lows and show rejection at support instead of clean breakdowns.
Okayy Brother
Using volume as a Confluence, if candles get big volume goes down that's a reversal
Intresting , I was not aware about this thing
A new downtrend is confirmed when price breaks previous higher lows and fails to reclaim resistance, not just by touching support.
Okayy
If market breaks support or resistance
Okayy
I use smart money reversal for confirmation 1st stage in revrsal i go 0.50 risk then 2nd stage i go with 1 percent risk beacause in 2nd stage u know market trend and in 1st stage there is 90 percent chances of sl u cant predcit reversal u will fail 8 times in a 10 trades
Wait for change of charector, or wait for previous low or high
Great insights guys
