The market price moves in phases (Nature). Understanding the nature of how the price /market move would help elevate your skills.
The price moves in 2 phases viz:
1. Correction: When the price moves against the main direction of the trend with very low momentum candles
2. Impulse: When price moves same direction as the main trend with very high momentum candle.
Price moved in 1-2-3 formation, impulse - correction - impulse........ In the next post I'll add position to show you how to place trade.
The price moves in 2 phases viz:
1. Correction: When the price moves against the main direction of the trend with very low momentum candles
2. Impulse: When price moves same direction as the main trend with very high momentum candle.
Price moved in 1-2-3 formation, impulse - correction - impulse........ In the next post I'll add position to show you how to place trade.