Pullbacks

The real value of the RSI is in predicting when the price may be at a point where a significant correction is due.

Many traders soon learn that pullback trading can be a killing-ground that traps the unwary on the wrong side of the trend and lead to rapid loses.

A rising window is usually found in bullish surges where the price is rising quickly. The pattern represents a “break in the market” where...

If markets were completely logical and responded only to hard facts we’d see them moving more or less in straight lines with a few jumps here and there when new information arrives.

One of the ways to succeed in trading is to predict the market by thinking “ahead of the crowd”. When doing this an uptrend can mean a selling opportunity. A downtrend can mean a buying opportunity.