Exploiting market quirks
Upheaval in the first test of a new high or low, are common. Investors jump into double tops after missing the first exit while value players buy double bottoms. Skilled traders also use this known reversal tendency to enter counter-trend positions.
Markets always return to test prior support or resistance if a natural barrier (as a continuation gap) standing on the road. Besides price and pattern, joint moving averages also provide classic swing reversal points
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