medium · Volume Spread Analysis wyckoff-phases-schematics
If a bearish two-bar reversal appears on a 5-minute chart, what is the best way to verify it isn't just 'noise'?
- Only trade signals that occur during the lunchtime lull
- Ensure that both bars have exactly the same volume levels
- Check the background and trend on the 1-hour or daily chart
- Wait for the RSI to show an overbought condition
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