Reversal Pattern Chart
The figures of days back (Reversal pattern) are a fairly common set of high volatility in markets.
These are two very simple compositions, which are formed depending on the evolution of a value in a single session, being shaped by the evolution of prices, high, low and closing a certain value. Given its simplicity does not have great reliability, we think that are in just one session, however we can serve as indicators of changes in the trend of prices of a certain value.
chart turned into a bull market:
It is characterized by the appearance of a maximum and minimum higher than the bar before the time the closing price is higher than the previous bar.
chart turned into a bear market:
It is characterized by the appearance of a maximum and minimum lower than the bar before the time the closing price is lower than the previous bar.
Example of bar back in a bull market:
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