Barrowed from Sudacas' post at:
http://www.capitalst...p...c=8212&st=0
Edited by The End, 26 January 2007 - 05:48 PM.
Posted 26 January 2007 - 05:47 PM
Edited by The End, 26 January 2007 - 05:48 PM.
Posted 26 January 2007 - 05:53 PM
Posted 26 January 2007 - 05:59 PM
Posted 26 January 2007 - 06:02 PM
There is no key reversal that week. There have been some daily key reversals that have pointed to a top that have not worked. The last weekly key reversal was in May (circled). In order to be called a key reversal you must close below the lowest low of the previous day or in this case, week.
Posted 26 January 2007 - 06:05 PM
Posted 26 January 2007 - 06:09 PM
Posted 26 January 2007 - 06:12 PM
It's rare. That is why they call them "KEY"
The Definition of a key reversal is that you make a high or low for the move (in this case, a multi year high) and then take out and CLOSE below or above the previous periods high or low.
The only ones on the weekly period are circled. They happen twice or three times a year on a daily chart but much less often (normaly) on a weekly.
Posted 26 January 2007 - 06:14 PM
Posted 26 January 2007 - 06:24 PM
There is no key reversal that week. There have been some daily key reversals that have pointed to a top that have not worked. The last weekly key reversal was in May (circled). In order to be called a key reversal you must close below the lowest low of the previous day or in this case, week.
Posted 26 January 2007 - 06:27 PM