I am trying to gain better understanding of price action, and i have many questions about retracements.
Anybody who could point out the reasons for price retracments? (i know it consists of profit taking and ppl going short, but i am more intrested in the degree of it and by whom the action is taken, e.g. Central banks? Retail traders like us??)
Also, has anyone done any research or seen any reports on the amount of retracement in relation to the force of a breakout to the orginal trend?
thx
Anybody who could point out the reasons for price retracments? (i know it consists of profit taking and ppl going short, but i am more intrested in the degree of it and by whom the action is taken, e.g. Central banks? Retail traders like us??)
Also, has anyone done any research or seen any reports on the amount of retracement in relation to the force of a breakout to the orginal trend?
thx
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