Replies to post #26 on Top Reversals

[FinancialAdvisor]

iconoclassic, You would look for the opposite indicators you'd look at for any buy signals. This time we're looking for SELL signals though.

Besides looking at the basics of candlestick charting and volume patterns. We'd look for confirmations through volatility spikes, MACD spikes or cross-overs, RSI overbought, and a number of others which correlate with overbought, you could even use moving averages as well, i.e. the 50 DMA crossing the 200 DMA to the downside is considered bearish.

Hope this helps you.
-financialadvisor