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We provide you with detailed analysis of the markets & corresponding trading strategies - informing AND educating traders on the use of powerful trading indicators. To foster a greater understanding of what drives the markets, Eric Hadik integrates diverse forms of technical, cyclical & fundamental analysis providing a more comprehensive perspective on trading. He guides traders on how & when to utilize specific trading tools - teaching users ‘to fish’ while ALSO providing readers with ‘lots of fish’.
There are several price patterns to which I pay special attention when they arise. Some of them, like the <em>2 Close Reversal</em>, are very common and are useful to know at any point in time. Others, like the topic of this discussion, appear with far less frequency even though they are extremely effective when they do appear.Keep Reading
This pattern is used to judge the validity of an outside-day reversal. Most outside-day reversals (a high above previous day’s high AND low below the previous day’s low) are more significant than a plain key reversal. This gives them a higher probability factor, right from the start.Keep Reading
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