In a trend, there are often Minor and Major Retracements! It's very important to identify when you're in a major retracement.
Often a trend can continue to keep moving in one direction! Remember, what can go higher... CAN GO EVEN HIGHER!
A major retracement is often mistaken by new traders as a sign of a reversal!
The market is a brutal place. Forget trying to be liked. Need a friend? Get a dog.
The market doesn't know you and never will. If you are going to win, someone
else has to lose.