Going Long or Going Short. Which is best for Higher High Lower Low Pattern

The above is Higher high Higher Low Chart Pattern we already know that where to buy and where to sell in this types of chart pattern. In this article we try to cover the Which is good trading method, Going Long or Going Short (Buy Low Sell High or Sell High Buy Low) in this types of higher high higher low Pattern

Look at the above chart. Price is trending up and created a serias of higher high higher low points. Ie Price Ralles from HL to HH and a Pull back or retrace from HH to HL.

HL  to HH ------Price rallies
HH  to HL ------ Price Retrace, Correction, Pull back.

We have two options here to trade, "Buy at Higher Low and Sell at Higher High"  or  "Sell at Higher High Buy at Higher Low"
By qeenly looking the chart we can see that Every rally HL to HH hav a smooth and sharp price movement. But Pull back (Retracement) are not much Smoother and sharper. ie Price rallies are sharper and larger but corrections are not so. below are the table describes the different characteristics of each price movements from HL to HH and HH to HL
Price Movement From HL to HH
Price Movement from HH to HL
1.       Rallies are sharper and smoother
Pull back are less smoother and sharper
2.       All the time price moves to upward clearly to upward from HL to HH
Sometime price had Corrections, sometimes retraces, sometimes moves sideways HH to HL
3.       It takes less time
Most of the time it takes more time
4.       Trend line’s slopes are high from every HL to HH
Trend line’s slopes are comparatively Low
5.       Can predict how much price can rally.
Cannot predict how much price can correct or retrace
6.       Buy is is less risk and high Probability due to above reason
Selling is Riskier and Low probability trade due to above reason
7.       Trusted Movement or price. Price action and bars clearly in upward direction. Sustained Move
Most of the time Price movement misleads into wrong conclusion. Cannot predict the price action
Price trend (bias) is still upwards until it breaks Trendline or Last Higher HL
Price Moves to sideways if it breaks upward major Trendline
Price trend or Moment will change if it breaks Last Higher Low

So buying is always less riskier and high probability than selling
   Buy on higher low and sell it on Higher High. Use Short Term Trendline breaks to strategy to enter the trade read this article Trendline Trading Strategies and Key Things to consider for Intraday Trading

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