Momentum always fade before it reverses. No abrupt reversal in it.
U can see in the pic below, it always passess through a choppy zone, before trend reversal to give a clear momentum.
With a huge gap up and no follow through today, price is still not bearish
means no short now
More from Aneesh Philomina Antony
Those who wish to learn Fundamental Analysis and confused about where to start, pls visit the tweet below and the comments in it.
Lots of quality suggestions from many traders here.
Lots of quality suggestions from many traders here.
I wish to learn the basic fundamental analysis. Pls suggest any YouTube channels (English) for that.
— Aneesh Philomina Antony (@ProdigalTrader) July 6, 2021
What am looking for is to build the very basics in the subject