forex:price_action:corrective_moves
Forex - Price Action - Corrective moves
After a big drop or rise, price then moves sideways in a corrective fashion.
They have the inverse characteristics of impulsive moves. Meaning, they tend to have;
- Smaller Candles.
- Greater mix between bull/bear candles.
- Closes more towards the middle with larger wicks.
If the logic of impulsive moves is applied, it is easy to understand and identify corrective moves.
How Do They Relate to Each Other?
Generally, impulsive and corrective moves tend to have a common pattern or dance with each other.
forex/price_action/corrective_moves.txt · Last modified: 2022/12/15 16:30 by peter