Sunday, October 25, 2009

Trading Plan: Where to expect a reversal




There are 3 different points where a reversal can happen:
  1. At the end of the 3th wave
  2. At a fibonacci retracement
  3. In a decision point area.
The reversal most likely happen at every hour, so taking a trade on the 5 min chart is still valid once one of the above mentioned criteria are met.

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