There's bigger trends in place, look at a weekly chart and monthly chart and apply your technical analysis there too. I think of them as waves, if a small wave ripples back from the shoreline into the ocean for a short period of time.. does that mean the tide is going out?.. or do we need to look at bigger fractals of waves/time to get a more accurate direction?
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.