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"key" reversal on the SPX weekly chart.


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#31 jmicou

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Posted 27 January 2007 - 09:31 AM

Definition of key reversal and examples of how it looks on a chart at this link.
Study the key reversal in the context of other technical factors at this link.

"
After an up-trend:

  • The Open must be above yesterday's Close,
  • The day must make a new High, and
  • The Close must be below yesterday's Low."
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#32 selecto

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Posted 27 January 2007 - 10:32 AM

Note that the reversal bar on the weekly comes after a weekly doji, and is formed in a week that makes a tweezer top on the daily.