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「Category:ORV」：修訂間差異
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== Things to Look for Higher Probability of a Successful Reversal == | == Things to Look for Higher Probability of a Successful Reversal == | ||
*''For it to become a successful reversal, '''the single most important thing to look for is''' '''whether the initial move is climatic''' (for e.g. parabolic wedge). Examples can be found here: [[Encyclopedia:Sell Climax on the Open, Then Reversal Up]]. In another words, if you are looking for an ORV entry, you will want the initial move on the open to be strong, | *''For it to become a successful reversal, '''the single most important thing to look for is''' '''whether the initial move is climatic''' (for e.g. parabolic wedge). Examples can be found here: [[Encyclopedia:Sell Climax on the Open, Then Reversal Up]]. In another words, if you are looking for an ORV entry, you will want the initial move on the open to be strong, not weak, for e.g. [[20230403]].'' | ||
*''If it is to become a successful reversal, take bear case as example, it usually starts with a Double Bottom(or DT) or Wedge Bottom(or WT). This also means that if the initial move is not clearly climatic, traders should look for strong patterns like DT or Wedge Top at resistance (for e.g. HOY/LOY) after a good gap up.'' | *''If it is to become a successful reversal, take bear case as example, it usually starts with a Double Bottom(or DT) or Wedge Bottom(or WT). This also means that if the initial move is not clearly climatic, traders should look for strong patterns like DT or Wedge Top at resistance (for e.g. HOY/LOY) after a good gap up.'' | ||
*''When the context is right, the chance of a successful reversal can increase to '''60% or higher'''. For e.g. if the open has a very strong selloff for 18 bars, and market forms a possible consecutive parabolic wedge bottom, and there is a huge bear bar late in the bear trend, there is 60% chance of a successful bull reversal or one more leg down and then reversal. See example in [[Gap Up and Sell Climax, Then Reversal Up]]. '''However note that''' while the climactic selling pressure on the open can increase the chance of a strong reversal, it has 60% chance one more brief leg down before reversal up, see [https://www.papals.live/images/thumb/4/49/Screenshot_2023-01-17_at_22-16-41_The_Brooks_Encyclopedia_of_Chart_Patterns_Brooks_Trading_Course.png/1200px-Screenshot_2023-01-17_at_22-16-41_The_Brooks_Encyclopedia_of_Chart_Patterns_Brooks_Trading_Course.png example chart].'' | *''When the context is right, the chance of a successful reversal can increase to '''60% or higher'''. For e.g. if the open has a very strong selloff for 18 bars, and market forms a possible consecutive parabolic wedge bottom, and there is a huge bear bar late in the bear trend, there is 60% chance of a successful bull reversal or one more leg down and then reversal. See example in [[Gap Up and Sell Climax, Then Reversal Up]]. '''However note that''' while the climactic selling pressure on the open can increase the chance of a strong reversal, it has 60% chance one more brief leg down before reversal up, see [https://www.papals.live/images/thumb/4/49/Screenshot_2023-01-17_at_22-16-41_The_Brooks_Encyclopedia_of_Chart_Patterns_Brooks_Trading_Course.png/1200px-Screenshot_2023-01-17_at_22-16-41_The_Brooks_Encyclopedia_of_Chart_Patterns_Brooks_Trading_Course.png example chart].'' | ||