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#shorts #tradingtips #trendline
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⚠️ (**Results not typical or guaranteed. Past performance is not indicative of future returns and financial investing is inherently risky.)
#shorts #tradingtips #trendline
Want to kind of go through and show you this trend line that I just drew here. So we had this trend forming overview op all morning and it did lead to a trend break, right? But what it didn't lead to is a high Daybreak and instead we ended up just getting a lower high and a really big slam candle here. And so I Want to just go through and show that not every Trend break is going to lead to a bigger picture breakout. In fact, a lot of times intraday Trend brakes are actually going to turn out to be bearish.
You really need to identify the multi-day setup or the you know in this case just a day one gapper and know that if there's a lot of resistance, we are likely to get these kinds of lower highs even after a bullish Trend break. And from there you know it just kind of faded off all morning. Now we'll see if this ends up holding. We have a lot of consolidation to do, but always note that bullish Trend break doesn't necessarily need to be bullish for the rest of the day.