Can anybody plz tell me how to estimate the probable strength and durability of a newly formed uptrend?
For the last couple of trades, as soon as I entered, the uptrend exhausted within next 1-2 days and I was forced to exit with losses,the moving averages collapsed over one another and the trendline was broken.
So is there any means by which it would be possible to understand that whether a newly formed uptrend will be strong and long lived or weak and short lived? So that I can trade the strong and long lived uptrends only..
Plz explain in details
Thanks
-rocky
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