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We provide you with detailed analysis of the markets & corresponding trading strategies - informing AND educating traders on the use of powerful trading indicators. To foster a greater understanding of what drives the markets, Eric Hadik integrates diverse forms of technical, cyclical & fundamental analysis providing a more comprehensive perspective on trading. He guides traders on how & when to utilize specific trading tools - teaching users ‘to fish’ while ALSO providing readers with ‘lots of fish’.
There are several price patterns to which I pay special attention when they arise. Some of them, like the <em>2 Close Reversal</em>, are very common and are useful to know at any point in time. Others, like the topic of this discussion, appear with far less frequency even though they are extremely effective when they do appear.Keep Reading
This pattern carries much more weight if the trigger (fourth) day also closes below the third day’s low (outside day reversal) and/or the second day’s close (two closes prior). The latter of these filters — closing below the close of two days prior — leads into a very effective short-term pattern.Keep Reading
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