If you are new to trading there is one thing to keep in mind don't get buried in the detail if you endlessly watch the shorter time frame charts you will only confuse yourself keep an eye on the weekly's and the daily's charts in that order and don't get thrown by a one day reversal they are there to scare you out of your position.
Its standard practice by the bigger players to always drive markets as far as they can each way to clean out the smaller players, in the trade it is know a running the stops it's a bit like the running of the bulls except they gore you trading account.
Despite the correction in the daily there longer term weekly chart is still trending up.
To gain a deeper understanding of how the larger players manipulate the market read the book Reminiscences of a stock operator, or listen to the audio book it will be well worth your time if not for the information it contains but it is also a ripping yarn.
https://www.amazon.com/Reminiscences-of-a-Stock-Operator/dp/B000N0WX2A
Or Listen to it here
Web Site here https://www.financialinterferometry.com
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