The best way to detect if we are in a correction or we have topped on that timeframe is to use the Sentiment indicator.
You need to use the top of the impulse in Sentiment.
If you have divergence you will encounter a bigger correction if the 12345 wave the first wave of a bigger 123.
I want to keep that tutorial simple so have fun!
You need to use the top of the impulse in Sentiment.
If you have divergence you will encounter a bigger correction if the 12345 wave the first wave of a bigger 123.
I want to keep that tutorial simple so have fun!
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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.
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.