Trend Reversal Illumination = Count Time Of The Move !
In determining when an uptrend or downtrend might exhaust/end
it is quite useful "to count" the cumulative total of up/down bars in a uptrend/ downtrend.
In this example, using a 15 minute intra-day chart on SOXS,
for 5/28/24, one can count "16" down bars on day.
However after 145 pm Eastern, in just 4 bars, and in only 25 % of the time,
SOXS has regained important price support of 25, and more, with a KST Buy Signal to Confirm !
Conclusion. The faster price moves, the greater the importance to a meaningful "trend reversal"
THE_UNWIND
Woods Of Connecticut
it is quite useful "to count" the cumulative total of up/down bars in a uptrend/ downtrend.
In this example, using a 15 minute intra-day chart on SOXS,
for 5/28/24, one can count "16" down bars on day.
However after 145 pm Eastern, in just 4 bars, and in only 25 % of the time,
SOXS has regained important price support of 25, and more, with a KST Buy Signal to Confirm !
Conclusion. The faster price moves, the greater the importance to a meaningful "trend reversal"
THE_UNWIND
Woods Of Connecticut
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.