Description
This is a system specifically designed to capture turnaround and reversal opportunities.
It contains a variety of possible reversal scenarios and is labeled with different colored text to alert the trader:
(White) Long reversals to watch out for: (1) No Demand – “NoDemand” (2) Overheated “RBear” (3) Short Stop Resistance “StopVBear” (4) “ProfitBear” Profit target has been reached
(Red) Short should be careful of reversal: (1) No Supply – “NoSupply” (2) Overheated “RBull” (3) Long Stop Support “StopVBull” (4) “ProfitBull” has reached profit target
The system also incorporates the ability to distinguish between professional and amateur investors by textual labels:
Professional (V Pro) Amateur (V Amr)
Provides a more scientifically based reference for traders who like to do reversal trades.
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