THANKS dear,
it is a complex pullback,which is discussed in this thread also
many names of one pattern
here is another link
http://www.yourtradingcoach.com/Articles-Strategy/Simple-Pullback-or-Complex-Pullback.html
One of the million dollar questions in trading is how do you distinguish a pullback from a reversal? If you could answer that you'd make millions.
Closely related is, how do you distinguish a simple (single leg) pullback from a complex (multi-leg) pullback?
You're right that we can't expect perfection! The reality is that we cannot know what the best entry strategy will be until we review the trade with the benefit of hindsight. All we can do is ensure that price is within an area in which we're happy to enter, and try to get the best price possible within that area. Then manage the trade.
Our skill at read the shifting sentiment and making higher probability decisions will improve with experience. But we can never expect perfection.
That being said, there are ways we can determine that the "better" option is waiting for the complex pullback and passing on any temptation to enter on the first signal.
it is a complex pullback,which is discussed in this thread also
many names of one pattern
here is another link
http://www.yourtradingcoach.com/Articles-Strategy/Simple-Pullback-or-Complex-Pullback.html
One of the million dollar questions in trading is how do you distinguish a pullback from a reversal? If you could answer that you'd make millions.
Closely related is, how do you distinguish a simple (single leg) pullback from a complex (multi-leg) pullback?
You're right that we can't expect perfection! The reality is that we cannot know what the best entry strategy will be until we review the trade with the benefit of hindsight. All we can do is ensure that price is within an area in which we're happy to enter, and try to get the best price possible within that area. Then manage the trade.
Our skill at read the shifting sentiment and making higher probability decisions will improve with experience. But we can never expect perfection.
That being said, there are ways we can determine that the "better" option is waiting for the complex pullback and passing on any temptation to enter on the first signal.
Last edited:
