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The Reversal Market Profile
- Typically forms as a key reversal day.
- It will form a sell day during a bullish Asia, London, and possibly into New York, but will fail to hold its rally and reverse lower.
- It will form a buy day during a bearish Asia, London, and possibly into New York, but will fail to hold its lower price slide and reverse higher.
- Typically, New York Open, London Close, or late New York will post the reversal.
- When traders in open forums, speakers on CNBC, & newsletters get real bearish on the market.. it will many times reverse and trade higher.
- When traders in open forums, speakers on CNBC, & newsletters get real bullish on the market.. it will many times reverse and trade lower.
- Looking for market sentiment extremes both intermediate term and short term can spell the difference in giving up hard earned swing trade profits and banking them.
