Price Action - NQ III
- Thread starter lajax
- Start date
Nice work, lajax.
Yes and no. You may have noticed by now that there are two kinds of retracements: one occurs at the beginning of a trend as price breaks out of a range; the other occurs at a trend reversal immediately after a buying or selling climax. What you have here is the latter. Not that any of this affects what you're doing. But the psychology is a bit different. That may or may not be important to you. The climax is more of a shock, and the entry is paradoxically safer.