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Forex How do you measure a correction?

Discussion in 'Forex Forum' started by MadLu, Aug 22, 2015.

  1. MadLu

    MadLu Guest

    Sorry to ask such a basic question, but if you're trading an index like S&P 500, and you think it's moved into a correction phase, and you want to draw in a line that would represent 10% retracement, do you start from the opening that day? Or do you go back a few weeks to the highest high and start from there? Also, do you include the wick of the candle? Or just the body? Thanks!

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    MadLu, Aug 22, 2015
    #1

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