The Reversal Signal Bars indicator (for NT 8) now identifies over 15 different signal bars and patterns for possible reversals. We’ve added these three signals:
Inside Inside failed Breakout – II fBO
An Inside Inside Pattern are two consecutive Inside Bars. The pattern is often a trading range or triangle on a smaller time frame and an area of equilibrium. A breakout often fails and tries to reverse back into the II pattern.
The stop entry for a bull II fBO Signal Bar is one tick above the high of the bar and the stop loss is one tick below it.
Continue reading “More Signals for the Reversal Signal Bars Indicator”
