Define Trend Reversal or Continue
This is a determination that traders should pay attention to "whether continuing or reversing direction." Traders are fooled because this is primarily in determining reversal and retrace. Let's discuss Determine the trend of reversal or continue.
Retrace
Retrace is a condition where the price moves against the trend but only for a moment, then the price will start again and continue the trend that has been formed before. Retrace generally occurs as a form of correction to the existing trend, possibly due to profit-taking short-term or trader's hesitancy will be the level of market saturation. Retrace can be an indication and a strong signal for entry positions in a continuous trend pattern.
Reversal
Reversal is a change in the price value of the whole trend. When an uptrend turns into a downtrend and vice versa, this is called a reversal.
Retrace the best position to open Position.
The retrace I call is a reversal of a small timeframe or a previous timeframe. Retrace is also the best position to determine a position. Let's look at the picture below.
At bigger Timeframe look very strong trend then good enough to do open position. But where the position to open position, retace is the answer. Let's see a bigger timeframe being Trend Up. And look at the big timeframe there is retace. Then we see in smaller timeframe then in smaller timeframe retrace in big timeframe is a reversal in small timeframe.
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