The short term rally caused a brief change of direction, but the price never broke long term down trends and continues downward.
Do not buy while the bearish trend is continuing, unless you are willing to hold until the trend has reversed and the price has returned, which could be a long time.
Do not buy while the bearish trend is continuing, unless you are willing to hold until the trend has reversed and the price has returned, which could be a long time.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.