https://finviz.com/futures_charts.ashx?t=INDICES&p=d https://stockcharts.com/freecharts/...,$COMPQ,$NYA,$TRAN,$UTIL,$MID,$SML,$WLSH,$VLE
Question from my mentor that changed my trading. "Mike, when does a 4 hour chart 3 Bar reversal not work?" I will never go back to lower time frames.
Not sure if I see what you see. I traded all 3 reversals for wins. I've circled them here...None of them were a failure.
Forget that book knowledge stuff. Just look for the highest high, or the lowest low in a 3 or 4 bar sequence on the 4 hour time frame. Same thing works on the 1 hour time frame. Example below for Gold..only thing required is PATIENCE.. as it would take 20 plus hours to win this trade.