how to find end of rallies?

[lulu2199]

Hello everyone,

First of all, thanks to everyone who answered my question regarding the approach to every kind of market.

However, now that I know about waiting the rallies and pullbacks, I am not really sure about hints telling me that the retracements are about to end, and that the trend is ready to keep going in the direction.

Here is what I do currently: If I see a trending pair with a retracement, I'll wait till I start to see the opposed color appearing on chart. In other words, I wait till the moment that the pair starts to go in a different direction, which is an obvious sign that at that moment, the pair chooses to keep going to his original path. If I missed that opportunity cuz I'm sleeping or something, oh well, I'd like more to miss than to screw up XD.

So, what is your opinion about spotting the end of a retracement?

Many thanks!

Lulu2199

 

[autotrader1]

Using Fibonacci price level together with candlestick chart can determine the end of rally together with oscillators, like RSI, stochasctic.

 

[MAYZUS.Neeraj]

Using Fibonacci price level together with candlestick chart can determine the end of rally together with oscillators, like RSI, stochasctic.

It is always better to make use of the Japanese Candle stick along with the Relative Strength Indicator as that gives us true picture of the markets