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In a downward trend, the number of positive lines rebounding is usually 1 or 2, and no more than 3 at most. Once it exceeds 3 consecutive positive trends, it indicates that the trend is likely to reverse. In the same way, the negative line callback in an upward trend is generally only 1 or 2 negative lines, and it will not exceed 3 consecutive negative lines at most.
Being able to stop losses is a basic requirement for every trader
Strictly controlling stop loss is a basic requirement for every trader. Whoever does better will be more likely to succeed. When I make orders, I try to control the loss of an order to 1-3% of the total funds.
I don’t know how to look at the current trend, is it going up or down?
Don’t know how to look at support and pressure? I don’t even know what level of buying and selling points are currently operating.
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