BUT WHICH DIRECTION IS THE TREND HEADED?

12 Dis 2023

It's not a simple question and REALLY matters ALL of the time, so, finding a simple answer is a neat tool to have in the snuff-toolbox..

Here's the quickest, easiest down-n-dirry method for getting closer to an answer.

If you look at the ranging areas of the chart. The in-between, sideways, messy, wish-it-didn't-exist areas and draw a rough shape tracing the progression, then you'll likely notice either a "U" shape or an "n" shape (not everywhere, but at least one prominent one per section/timescale). You'll know if when you see it. Keep practicing and don't force it.

The U Shape can be reliably trusted to identify a Bullish trend, whilst the n Shape does the same when there's blood about.

Sound silly, right..
But it works.

And now you know..

12 Dis 2023

Nota

Shows up better on different timescales, so be sure to check on multiple candles to confirm..