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Hi all! Just joined this community and I have a question if you guys dont mind!
Regarding Video 08B, I dont really understand what exactly is a reversal. Like are there certain rules that characterize reversal bars?
Take for example timestamp 15.21 for the 2 bar reversal and 16.32 the multibar reversal
Do the reversal bars just have to be more than 50% of the previous opposite directions move in order for it to be considered a reversal?
Sorry if its a dumb question would just like to clarify before I start misunderstanding something. Thanks!!
Another example would be at 18.35. Why is the 15minute chart considered a reversal bar?
I see! Thanks so much Mr Carpet really appreciate the detailed response! Thank you and have a good day!
