To me, the market has 2 phases of retracement.
One that lasts for days / weeks
and the other lasts for a 3-6-9 months.
To identify the last one, you have to anticipate when the market makers are done playing and just going into hibernation.
Simply, they are just getting exhausted, wants to reap profits, let the market reset, so they could come back fresh.
Make sure you don't get caught in the net @ this 2nd phase.