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''The simplest to read kind of first reversal is''<ref>https://ninetrans.blogspot.com/2012/03/ideal-first-reversal.html</ref>'':'' | ''The simplest to read kind of first reversal is''<ref>https://ninetrans.blogspot.com/2012/03/ideal-first-reversal.html</ref>'':'' | ||
* ''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)'' | * ''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)'' <ref>this initial strong move indicates some kind of vacuum test or exhaustive move.</ref> | ||
* ''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.'' | * ''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.'' | ''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.'' | ||
[[Category:NINETRANS]] | [[Category:NINETRANS]] |