分類:1REV

An ideal 1REV

The first reversal of the day. Also see ORV. 1Rev is the first Reversal setup on the day and it usually means there is already a trend on the day.

The simplest to read kind of first reversal is^[1][2]:

• a trend move from open consisting entirely of trend bars that penetrates a support such as HLC of prior day or EMA (20120315 was both C of prior and ema) ^[3]
• a good reversal signal. If the reversal signal is weak (for example, it has a large entry side tail or is a bar of the wrong color), it is likely to take out the low and try a second time.

Such a 1Rev is often the low of the day and will close near its high so its a good candidate for a day long swing. In practice, if you get a very sharp move (for e.g. b31-35 on 20120315) that looks like an overshoot and gives a decent profit, its a good practice to take some or all off and wait for more price action.