Predicting Market Turns with Price Action
If you watch market motion intently you’ll decide up on a dependable market sample. Strangely sufficient it’s virtually completely unbiased of the time frames you employ. It doesn’t matter in case you are utilizing 1 minute 15 minute, one hour, day by day and even weekly time frames. Watch this video or any of your charts on any inventory, ETF, or index and analysis this for your self. You will discover that the market reverses itself after runs of Three-Four-5 or 6 consecutive tendencies. Technically that is referred to as the Reversion to the Mean. After a brief run like this it appears to simply run out of fuel.
SOURCE: Futures Blog by Bill McCready – Read complete story here.