Reversal patterns happen when a chart has a strong break from its current trend and its momentum reverses course. This can happen on a trend line break of resistance or support out of a price range, a gap in price, or a long wick candlestick that changes direction and reverses off of highs in an […]
Here is Alton Hill’s 3 bar play reversal pattern for day trading. He believes the best bullish reversal pattern signals for day trading are three bar patterns, he wants the third bar (or candle) in the pattern to close above the highs of the previous two bars. Long entry signal: Candle 1 closes down. Low
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