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
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.