Ever watched the zigzag indicator? If you watch him he also gives high and low points. But the problem is that these points are only final a few bars afterwards. So on the chart they loook good, but in reality they are only visible several bars afterwards because the indicator needs futur data to calculate. It is "hindsight" trading, but not visible at the moment where it finally indicates the top or bottom. Watch the chart and how the two last bars have not yet any value for the zigzag. They will pop up later and start from the last point of the already shown zigzag.
Sounds good! So can we see your research and the #s behind your analysis to how you came to your conclusion? I mean, it would be helpful to see that ya know. I know this won't get a reply but I just came here to troll. Good luck selling shovels to the gold rush. So tired of seeing this BS.
BS huh. Then look away. Its called sponsor paid advertising and what keeps this website up and running.
Trend reversals, looking for range expansion & big volume in the opposite direction, after a symbol has made an extended move. This was an earnings driven break away gap that triggered a 379% move.
Guys, I do trade reversals a lot, and regardless of how you spot reversals, whether by using pure PA, or price patterns, or even the "magic" nin.ZA.co’s indicator, from my experience, it is better not to mess around with reversals which develop in 'no man’s zone''. What I’d suggest is to first mark-up a high probability zones (levels) where the reversal might occur by using one or more of the leading tools such as S/R, fib clusters or median lines, etc, and then trade the reversal ONLY if your reversal signal occurs at such high probability zone. This increases your win-rate quite a lot (if you learn how to identify those levels/zones), and the R/R is usually phenomenal (multiple Reward to Risk). However, reversals on their own in the middle of ‘no-man’s zone” require more advanced PA analysis and are lower probability, low R/R, and are better to be left alone.