Identifying Market Reversals by Jim White
ARTICLE SYNOPSIS ...Identifying Market Reversals by Jim White
Here's a specific technique warning about coming reversals and the steps to apply the methodology.
Back in the November 2008 issue of Stocks & Commodities, I pointed out how you could reduce risk and increase trading returns by trading as close as possible to market reversals or, as I call them, pivot points. I also hinted that by using the %R oscillator and the price position in a channel, you could anticipate the reversal and be prepared to trade it. In this article I will provide a specific technique for warning about coming reversals and detail t...