Have you been trapped in a Retracement thinking a trend 📉📈 change and lost so much?
Actually when market goes in a trend and suddenly reverse mostly start thinking that market would go from where it started. However suddenly big bar candle are formed and the push the price above the stop loss and never come at the entry level again.
Now why market Retrench, see when market goes in a direction there must be some who would book profit in that case market has to come down. Also big player play with the emotional mindset of retailers.
Since stock market is a zero sum game someone has to loose to make someone profitable.
So whenever there is a retrenchment do not think market is reversed instead try to find an opportunity as per trend.
Stop thinking trend is reversed because when trend is reversed it is clearly visible on chart and we all know thi.
So use fibonacci retracement for entry not thinking trend is being changed.