What is the difference between a Retracement and a Pullback?
A retracement is any movement against the current flow of candles. A Pullback is a major retracement of 100 pips or more that does NOT change the trend direction. Any 100 pip Pullback allows you to readjust the HSI targets using the HSI tool. You can use a MAXIMUM of 3 "legs" or "waves" to plot the HSI.