OPEN-SOURCE SCRIPT
Sanjay Ahir
Are you struggling to identify valid pull back in trading?
No worries, in this article we will be explaining the valid pullback in 3 simple steps.
Pullback is just a retracement in impulsive move but valid pullback has some identifications which are explained below.
What is Pullback in Trading?
Pullback in trading is basically a retracement of an impulse move which can be with a single candle or number of candlesticks.
Bearish candlesticks in a bullish move and bullish candlesticks in a bearish move are simply called the pullbacks.
What is Valid Pullback in Trading?
As we discussed earlier pullback is a retracement move, but every retracement is not a valid pullback.
We will be dividing valid pullback in two types listed below.
No worries, in this article we will be explaining the valid pullback in 3 simple steps.
Pullback is just a retracement in impulsive move but valid pullback has some identifications which are explained below.
What is Pullback in Trading?
Pullback in trading is basically a retracement of an impulse move which can be with a single candle or number of candlesticks.
Bearish candlesticks in a bullish move and bullish candlesticks in a bearish move are simply called the pullbacks.
What is Valid Pullback in Trading?
As we discussed earlier pullback is a retracement move, but every retracement is not a valid pullback.
We will be dividing valid pullback in two types listed below.
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