For obvious reasons, the corrections of a trend take place against the actual market direction and therefore have an opposing structure.
However, caution is required when interpreting them: If you are in an uptrend, a correction itself can consist of a series of falling highs and lows.
However, this only shows that the underlying trend is downward. Only when the last trend low is taken out has a reversal taken place.
However, caution is required when interpreting them: If you are in an uptrend, a correction itself can consist of a series of falling highs and lows.
However, this only shows that the underlying trend is downward. Only when the last trend low is taken out has a reversal taken place.