Who do you differentiate between Retracement and Reversal?

ele020

Anggota Sejak Apr 15, 2020 219 pos

Feb 01, 2021 at 07:39

Anggota Sejak Apr 15, 2020 219 pos

I welcome views from both Newbies and experience traders that when do you know if its a retracement of reversal?

The more your practice, the more you learn.

LyudmilLukanov

Anggota Sejak Jul 23, 2020 869 pos

Feb 01, 2021 at 09:25

Anggota Sejak Jul 23, 2020 869 pos

Retracement is temporary price reversals and reversal is when the trend changes direction.

ele020

Anggota Sejak Apr 15, 2020 219 pos

Feb 02, 2021 at 06:45

Anggota Sejak Apr 15, 2020 219 pos

forextrader777 posted:
Reversal is there when the price continues for a longer period in the direction of the trend.
Retracement is there when there is a temporary price reversal which does not make any changes in the larger trend.

Right, but how do you identify if its going to be a retracement or reversal for the purpose of planning your trade?

The more your practice, the more you learn.

lanayates

Anggota Sejak Dec 15, 2020 14 pos

Feb 23, 2021 at 04:21

Anggota Sejak Dec 15, 2020 14 pos

There is a bit of difference between the two. Reversal is when a trend changes direction while retracements are price reversals that happen within a larger trend. They are usually temporary in nature.

robindude

Anggota Sejak Dec 11, 2020 110 pos

Feb 23, 2021 at 08:28

Anggota Sejak Dec 11, 2020 110 pos

This is a quite long video, but this may be useful in helping you out in understanding the difference with these -

cardigan

Anggota Sejak Jul 27, 2020 102 pos

Feb 23, 2021 at 09:47

Anggota Sejak Jul 27, 2020 102 pos

robindude posted:
This is a quite long video, but this may be useful in helping you out in understanding the difference with these -
This is very useful, thank you for sharing this

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