Harnessing Momentum Reversals in Price Trends
A series of consecutive upward or downward movements, accompanied by increasing trading volume, is likely to generate momentum in the opposite direction. Therefore, considering the accumulation of multiple candles moving in the same direction, it is advisable to initiate a contrarian position after a sequence of such candles and exit the position on the following candle.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.