The one constant on the #trading floor is that traders are always looking to buy dips - bearish retracements -- in uptrends and sell rallies - bullish retracements -- in downtrends. The secret to the timing of this is look for steeper retracements in counter-trending markets, and more shallow retracements in trending markets. Therefore we use higher time frame charts in counter-trending markets and lower time frame charts - even down and dirty tick charts - in trending markets. Despite this not being widely known, it is intuitive.
And price movement is never predetermined to the degree most think; shift with the market or lose.
Jay Norris is the author of the best-selling: The Secret to Trading: Risk Tolerance Threshold Theory.
Trading involves risk of loss and is not suitable for all investors.