nmdinacio 0 Posted February 11, 2021 (edited) Hello BBTraders! 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). Edited February 14, 2021 by nmdinacio Share this post Link to post Share on other sites
Alastair 110 Posted February 16, 2021 Generally u have the major criteria correct. Sometimes u see the turn sometimes u do not. And it comes with time, chart time under ur belt. 1. A level, significant one 2. Exhaustive or climatic volume compared to previous candles 3. Candle Pattern, Doji, Hammer, Engulfing, Harami 4. Break of high or the previous pattern in 3 above 5. Time / Sales - orders hitting the ASK, usually green. Tape speeding up 6. Montage - BIDS stacking, ASK lifting, ASK thinner than BIDS 1 Share this post Link to post Share on other sites
nmdinacio 0 Posted February 18, 2021 Good Morning Alastair. Thank you very much for your reply. Regards, Nuno Inácio Share this post Link to post Share on other sites
