Hey there!! Explain me, please, how to catch the moment when the direction will change?
Thanks a lot
Emma123, the basics.
Uptrend. When you have a higher high and a higher low.
Downtrend. When you have a lower high and a lower low.
Consolidation. When prices don't create a trend. Imagine a Downtrend when you have a lower high and a lower low. After this, market stop to make lower lows, but is unable to create higher highs. In this case prices make a triangle. These consolidation is a signal of a possible change in trend.
Trade safely... Remember, a high Drawdown means a high risk!