ochills
Master Sergeant
- Messages
- 278
Hi Ochills,
thanks, she feels better, but still in hospital. But we hope that she will return home by the end of the next week.
1. Yes. Otherwise this will not be "reversal". Besides, if it will happen in the middle of some swing - it means that market exceeds its top or bottom and this will mean failure.
2. Reversal candle is just single candle, while reversal swing is an action that consists of multiple candles. But, daily reversal candle could look like reversal swing on hourly chart...Besides, they have different features. Candle calls as reversal (let's take downside revesal example) if it will open, create new top and close below the lows of previous candle. While reversal swing needs just stand in opposite direction to previous one and it has to be greater - kind of engulf previous opposite swing.
3. It is too large topic to post it here. Super example stands on Monthly chart of gold. If you will read our weekly gold analysis, mostly monthly charts - we've discussed this pattern for a year probably, or even longer. One gold dropped - VOB context has been created - you'll see it if you plot DOSC indicator.
Hope this helps.
I wish your wife divine touch and quick recovery.
thanks it helps. I saw your previous analysis on Gold on the swing reversal last week. and reversal candle that occurs on EUR/USD last year December or November. But commander I searched for the VOB on gold but I couldn't find your past analysis on it. I will deeply appreciate it if I cant get the past analysis on VOB on GOLD.
Thanks as usual.