How to identify a correction for the next impulse move ?

12 abr 2021

How to identify if a correction is finished/completed and ready for the next impulse move ?

Hello everyone:

In this educational video I will go over how to properly identify a correction in price action analysis.
I recently made a price action workshop live stream video that went over everything on impulse - correction, structures/patterns, continuation and reversal corrections,
but I still get a lot of questions on identifying corrections itself.
How to draw, use the trendlines to identify a correction, and how to understand they are going to complete/finish.

In my opinion this is the most important part in technical analysis.
We need to understand that the market moves in phrases, it can only be in the impulsive phrase or corrective phrase.
The key to trading is to understand when a correction finishes, we are going to get the impulsive phrase which will give us traders a better edge in the market to enter, where the momentum is strong.

I have made many educational posts on price action analysis, specifically on continuation or reversal correction, which I will put the links below.

Any questions, comments, or feedback welcome to let me know.

Thank you

Jojo

Price Action Workshop
tradingview.com/streams/OdYClm9gqoFe6IJLvyW2v/

Impulse VS Correction

Continuation and Reversal Correction

Multi-time frame analysis

Continuation Bull/Bear Flag

Reversal Ascending/Descending Channel

Reversal Double Top/Bottom

Reversal Head & Shoulder Pattern

Reversal “M” and “W” style pattern

Reversal Impulse Price Action

Expanding Structure/Pattern