A retracement does not imply a change in the trend, but rather a temporary pause or pullback. A retracement does not invalidate the previous trend. It confirms the trend, as the price resumes its original direction after the retracement.
Lower prices are an estimate but do not mean there has to be a retracement. They do reject many times depending on volume.
Lower prices are an estimate but do not mean there has to be a retracement. They do reject many times depending on volume.
"You hear the wind, but where does it go?"
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
"You hear the wind, but where does it go?"
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.