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The Importance of Recognizing Impulses & Pullbacks in Technical Analysis
๐ ๐ ธ๐ ณ๐ ด๐ พ ๐๐๐ ผ๐ ผ๐ ฐ๐๐ / ๐ บ๐ ด๐ ๐ ฟ๐ พ๐ ธ๐ ฝ๐๐:
โ An impulse is the primary direction of the main trend, while a pullback is a market correction that occurs before the trend continues.
โ A rally is an uptrend move, and a drop is a downtrend move.
โ Traders may use terms like โrally base rallyโ or โdrop base dropโ to refer to specific moves within a trend.
โ Many terms used in trading refer to the same concepts, and itโs all just trading semantics.
โ Simple phrases like โbuy low, sell highโ or โwait for the dip, then take a sipโ can also be used to explain trading concepts.
โ Trading semantics may make traders feel important, but itโs important to understand the underlying concepts.
โ Itโs okay to google trading terms you donโt understand โ everyone starts somewhere!
โ Understanding the difference between impulse and pullback is essential to reading price action and identifying trends.
โ Pullbacks can be seen as opportunities to enter a trade in the direction of the main trend at a more favorable price.
โ Impulse moves tend to be stronger and more extended than pullbacks.
โ Itโs important to distinguish between an impulse move and a pullback to avoid mistaking a pullback for a trend reversal.
โ Pullbacks can occur at any time, even during a strong trend.
โ Understanding impulse and pullback is key to developing a trading strategy based on trend following or counter-trend trading.
โ By identifying the main trend and distinguishing between impulse and pullback, traders can make more informed trading decisions.
โ Remember that trading terminology can be confusing, but itโs important to take the time to understand the concepts behind the jargon.
โ ๏ธ DISCLAIMER โ ๏ธ
The information on this channel is for educational purposes only. It should not be taken as a substitute for consultation from a financial expert. Before trading in the financial market, please consult your financial advisor. Some available contents do not consider your personal objectives, financial situations, or needs. We want to encourage you to seek independent advice if necessary.
Any data and information provided โas isโ solely for informational purposes and are not intended for trading purposes or advice. StarseedFX does not take any responsibility or liability for any financial investment initiated or carried out based upon or using information from StarseedFX.
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