Trend vs. Correction How to distinguish trend change from correction?

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They say that you should trade in favor of the trend and, during the correction, you should wait until it ends, and the key is “how to distinguish one from the other?” No. The question is “can you tell them apart?” This item completely changes your view on the chart. Hello everyone! If you are interested in this article you are probably sick and tired of trying to find out one from the other since you never find out in a real market situation. I also assume that you have studied a certain number of Forex trading theories and even try to enter your first trades, but… at some point, SOMETHING GOES WRONG???? You enter an uptrend (everything is clear, the highs are getting higher, the lows are also rising.

The is clearly increasing), but as soon as you buy, the Mexico Mobile Number List suddenly changes (or some time later, if you're lucky) goes against you. Naturally logical conclusion that comes to a trader's mind (of course, he can't be sure and talk generally about me) usually goes like this: “I must have identified the trend INCORRECTLY”. TRUE?. LiteFinance: Trend vs.  Correction How to distinguish trend change from correction?  |  Litefinance The article is dedicated to all those who want to get into the trend, those who discuss on forums or traders who talk about what they need to buy now or sell; also to those who have tried hundreds of times to answer the trader's rhetorical question "is there a trend or a correction" and even after a few failed attempts are still wrong.



In this article we will analyze: What is the trend and correction? Why you need to identify the “trend” and correction” What is the trend and correction? Let's put the chart aside and try to imagine the changes for an asset only in figures. For example, EUR/USD costs 1.15 at the end of Monday, on Tuesday the value was at 1.17, on Wednesday - 1.16, on Thursday - 1.18. Let's present them in table form: Monday - 1.15 Tuesday - 1.17 Wednesday - 1.16 Thursday - 1.18 Friday - ? Looking at the figures,  the graph in your mind, try to answer the question: What will the of EUR USD be on Friday? Will increase? But why? But until when? But if it rained last night, should it rain today? Well, someone should answer that will fall.