Stock Trading: Rounded Reversal Structure Underway
Posted on November 14, 2008 at 15:24 PM EST
Today’s US equity index markets completed a classic “Rounded Reversal Day” pattern worth examining. Let’s see this pattern and also view the “optimal entry point” that confirmed that this structure was likely forming. DIA (DIA) 5-min intraday (incomplete) chart (courtesy TradeStation): The day opened with a downside gap that quickly filled (or actually came ...
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