Beware... Don't believe every direction!"
The difference between a real trend and a false trend
"Not every upward or downward line can be called a trend! There is a real trend and there is a fake trend (which sets a trap for you)."
How to differentiate between them?
The real trend: is supported by strong trading volume, and is shown through clear and consecutive highs and lows on the chart. Once these indicators align, you can be more confident in the trend's sustainability.
The false trend: the movement's volatility is high, trading volume is weak, and is shown through false breakouts of lines or levels that may seem significant, but the market quickly returns to the original direction or reverses.
Today's advice: Don't rush to judge the market based on just one day's movement. The market needs a broader view and deeper understanding to clarify the actual trend for you. Stay smart, and focus on small details like volume, support, and resistance levels.
"Patience is not just the key to relief... it is also the key to success in trading."