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Post# of 75087
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Saturday, 11/01/2014 5:33:59 AM

Saturday, November 01, 2014 5:33:59 AM

Post# of 75087
reversal indicator: This is a misleading term. More appropriate, and more accurate, would be the term "trend change indicator". It means the prior trend should change. It does not mean prices are going to reverse. Prices might reverse after a trend reversal pattern, but they may not. For example the trend could change from upwards to sideways. As long as the trend changes after a trend reversal pattern appears, that trend reversal worked. Thus if a trend reversal appears during an up trend, and the market then trades sideways the trend reversal pattern was successful.

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