Yap that is correct.u put it on the right term and word buddy.Be acknowledge about the time frame.in my chart (1H) the trend still not very clear.could go both side.just wait for the london session now on.hmm nice line Duke
Quoting dukeofdentsDislikedLike I say, one man's reversal is another man's consolidation, is another man's correction. If you trade 5min charts a reversal is a 10 pip move!
All this terminology comes down to time frame, and we actually screw ourselves, collectively, by not understanding each other when we use any of those terms. You might trade 1hr charts, and I might trade daily charts, and a reversal to you is a consolidation, at best, to me. We all need to come up with terms that describe exactly what we're talking about, regardless of our own personal time frame.Ignored