UnknownUnicorn951173

UnknownUnicorn951173 Updated 

See related idea for more insight.

UnknownUnicorn951173 Updated 

See related idea for more insight.

UnknownUnicorn951173 Updated 

I don't understand what's going on in the marked area. Can someone explain these peaks - what's happening here? Would be great <3

UnknownUnicorn951173

The trend is going up for now but: 1. Don't buy now. Its too risky to pick tops. 2. Take your profit and wait for another breakout out of a flag to go long (look at the related idea). 3. The trend is still going up so don't short unless the support level of the latest high is broken to prove that the trend is broken. 4. Sometimes doing nothing is the right choice....

UnknownUnicorn951173 Updated 

Swing-Traders should wait for a good opportunity to go long. See previous idea :)

UnknownUnicorn951173 Updated 

"Breakout Direction: The future direction of the breakout can only be determined after the break has occurred. Sounds obvious enough, but attempting to guess the direction of the breakout can be dangerous. Even though a continuation pattern is supposed to breakout in the direction of the long-term trend, this is not always the case. Breakout Confirmation: Some...