Today we want to talk to you about something that every trader🤔

Correction or, in another way,
a pullback📊

Many traders do not understand well how to work with correction, lose money and sometimes even do not sleep at night, trying to control trades 🥲 We will warn you that there is no need to be afraid of it. Now we will explain why👇🏻

A correction is a price pullback, which is observed after every trend impulse📈📉 As a rule, after the correction is over, the trend returns. Trading strategies based on trading during a correction are characterized by a high degree of risk. So when to enter a position? And then how to determine the end of the correction?

There are three ways to enter a position:
- early - then there is a risk that the correction may be longer;
- optimally - it is ideal, but it is a matter of luck 🍀
- by the first signs of trend resumption, also this period is called the end of correction

Classic ways to determine the end of correction 💸

1. Fibonacci levels. The size of the correction is calculated as 50% of the impulse. But the correction may be minor or deep, then this calculation will be inaccurate ❗️

2. The usual volume indicator. During the correction the volumes decrease. But this is not always the case, there are corrections when the volumes will be higher than the average ☝🏻

Therefore, there are modern ways to determine the end of correction💰

To more accurately determine the end of a correction, use professional indicators to analyze the volumes provided by 1EX Al News analytics service.

Let's gather 15🔥 and we will show you examples of corrections and actions in them using our platform