Reversal Chart Patterns: V-Reversal Pattern
Mostly V-Reversal patterns (or Reversal Spikes) are formed subsequent to a rapid previous trend:
There are many gaps on the chart, and support and resistance levels are indefinable. The only possible signal is a break through a very abrupt trend line. It is really difficult to find the right moment to enter the market if there is a formation of a spike. The best stategy in this circumstances is to be square (no open positions).
This pattern is frequently seen on the charts of GBP/USD:
No comments:
Post a Comment