Reversal & Retracement

How to identify retracement and trend reversal??

You could use a Fibonacci tool, support and resistance lines, candle patterns or simply, but roughly, measure how far price changed direction. 60% or less, would be a retracement. . .over 70% reversal.

If it were me in the beginning, I would concentrate on learning support and resistance, Fibonacci and candle patterns (candle patterns would be my least choice. Fib and S&R have multiple uses
Good Luck
Gp

You should define the terms first.
Retracement, to me, simply means a “pull back” in price.
So, if price is moving up from left to right, and it moves down for a period of time, it has retraced.
If price is moving down from left to right, and it moves up for a period of time, it has retraced.

From a tech stand-point, reversals occur when major swing points are taken out with conviction/supporting momentum.