I've started my daytrade education for about 3 weeks ago and I've watched all videos concerning reversals issue. Still, I have a few doubts but I was wondering why the following reversal has escaped me and I didn't recognized it.
Can anyone help me identify how could I detect this reversal? This chart is from January 12th and I missed that stron reversal to VWAP at 11h55. I din't see volume coming in (chart 1min.) , however at the beginning price was extended from de 9EMA (chart 5min.) and, at arround 61.8$ (chart 1min.) there is a crossing between moving averages (9, 20 and 50, chart 1 min.) and finnaly a last bearish candle was a hammer. I think I'm missing something, so, how can I identify this reversal sooner? Important as well is that 61.2 is a level, is de LOD! Is these 4 criterias enough for me to enter?
Thank you in advance for your replys.
Regards and wish you all good trades!
Nuno Inácio (from Portugal).