Chart Study - Reversals #1 ๐Ÿ“ˆ๐Ÿ’ฐ
Kicking off our recurring chart study with how we typically structure reversal trades! ๐Ÿคฏ
The base idea is that we are NOT attempting to do a few KEY things.
1) Catch the bottom or top of the move (our ego wants this, our bank accounts could care less)
2) Take trades hoping/expecting a new trend to form
3) Be involved several times in this movement. We expect it to trade to a specific point, and position ourselves accordingly until we are either wrong or the targets are hit. If it is still valid, we are still involved!
We will be following up with these posts several times weekly, SOME of them will follow a video explanation and will get you guys to mark them up as well ๐Ÿ˜‰๐Ÿ˜‰
So stay tuned!
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Kevin Bott
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Chart Study - Reversals #1 ๐Ÿ“ˆ๐Ÿ’ฐ
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