In TA, nothing is black or white. There are a lot of interpretations with TA. But to specifically answer your question, I'd say no. But who am I to say that since I'm not using TA at all...
%% Yes if its DAL/down ytd also. IF that's a daily chart on SPY,TQQQ/qld,spyg/ ok uptrend + up >ytd, >200 dma. I prefer 200 days more than 50 or 60/i use both+ 50 period moving average.............................................................................................................................. Depends\ if thats a monthly /worse than a falling wedge=bear market or daily DAL=bear. BUT if its a daily chart ,for example in SPY/spyg/tqqq /qld/qqq its uptrending bull market/200dma tends to be better than any pattern/usually. DAL is also down ytd/others are up% ytd. I much prefer >> 50 days data;200 days or weeks =better for me.......................................................................................................................... Weak uptrend\falling wedge if its DAL;other examples =ok uptrend
It's JKS a recent hot china play in the solar sector. Had another big run at the start of NOV but things have gotten awfully quiet after that. My calls expired worthless today.
%% Super strong sector; i've taken profits on TAN. JKS went down 30% in one week. TAN went down 50% this year; i trade stuff like that smaller/because i like to scale in 2 or 3 times. May not trade that sector until late JAN or FEB/if at all..............................................................................................Great big trend.They pay low or no dividend/ so really they are trades