I find this problem puzzles me ever since I started trading stock/etf a year ago. However, there are many people in the forum predict price action down to amazing precision.
how do you tell if a trend is about to go into reversal or it's simply a correction?
do you use multiple indicators for confirmation? what if some of them are pointing in a different direction than the rest?
do you weigh each indicator differently? base on what factors?
I didn't find the right solution from the internet.
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