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The Dow 123 Reversal Pattern

Hi traders, Raghee here,

We’re gonna talk about Dow 123 reversals. Now, In order to trade reversal (and this is where a lot of traders get into trouble) we need a trend to actually reverse. In other words, there needs to be an existing trend for us to actually talk about a trend reversal.

In much the same way, there needs to be a trend to validate buy the dip, the dip being a retracement. The underlying market environment preceding the pattern is very important. So let’s talk about that. Is the market transitioning from a trend? 

How do we measure that? 

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