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The
locations where these reve
Let me explain:
If you see a bullish reversal ca
probability that
price will go UP
but opposite thing for a bearish r
But this is not the Trendline T
getting to that…
Many times,
you will see price
moment but it bounces back in
away from the trendline
and
when trendlines get intersected.
Usually, this situation cannot be
smaller timeframes, you will see
For example: if price bounces
reversal
candlestick pattern bu
momentum and you see a bearis
Now, two things can happen her
www.forextrendlinetrading.com
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#6: Spinning Tops
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#7: Railway Track Patterns
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ersal candlesticks form are important.
andlestick pattern on an UPWARD T
P? Quite high! (This is Trendline Tradi
reversal candlestick formation on a dow
Trading strategy
we are discussing her
e go and touch a trendline and will no
n obedience
to the trendline BUT the
will usually go back to re-test the tren
e seen clearly in the larger timeframes
e this.
up from an upward trendline after th
ut about say 1-3 candlesticks later, s
sh reversal candlestick pattern forming.
re:
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