Is It a Reversal or a Pullback?

I got it at 52. Good enough

 

I never forecast, I only see that I would never go short here. I would still be long NOW.

 

Both great trades either way, guys! (candles and IAN) Kudos.
I was going the wrong way (shorting thinking it was a 'pullback') so you both beat me

 

Noted. This is more to do with what the OP said, as his main strategy is 'flip trading', does that mean that he can't tell a pullback from a reversal, so is the original statement a checkmate?

 

I did not take that trade, only trade RTH. I wrote that for me the buy area was 52-54 if I would trade.
Candle was sarcastic, did not take the trade too.

 

Thanks. It was an obvious bounce when you know what you need to know about the markets

 

update. same line, 15m time frame. When price pulls back to a higher time frame level it is less likely to be a reversal and more likely to be a continuation. hope you enjoyed the non hindsight example.

GL.

 

double top there at 1894 could lead to a reversal

 

I am no windows expert so pls excuse this clumsy attempt but the prior chart shows a pullback/reversal on the ESFrom 8:30 to 8:54. I look to my higher timeframe to see that it is a long setup thus a pullback. My entry is the divergant low at 8:56 for a long.