This Market Profile tutorial explains how one can spot a potential trend reversal for positional trading with greater odds. Dual momentum auction reversal is a potential reversal pattern which develops during the early part of the trend before a major trending move occurs.
One can use Dual momentum reversal as a potential resistance zones for their positional trading with a greater risk reward ratio.
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[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”3″ ihc_mb_template=”1″ ]What is Dual Momentum Auction Reversal?
Dual Momentum Auction Reversal is a classical momentum reversal pattern from
Dual Momentum Top
For a Dual
In case of dual momentum top reversal immediate momentum top level acts like a potential resistance zone and provides a greater
Dual Momentum Bottom
Dual Momentum Bottom Reversal pattern is a market profile pattern
occurs at major swing high/
In case of dual
Yes Bank Jan Futures with Dual Momentum Top Reversal Pattern
Yesbank Futures Dual Momentum Top Reversal Pattern continuation
Before initiating the trades looking into the surrounding factor helps a lot to understand the market environment much better. In the Yesbank case before the dual momentum auction reversal there is a earning season announcement with 15% price spike up where price when long to too long and momentum traders are chasing the later part of the earning announcement day. And the very next day price tops out followed by a dual momentum auction reversal pattern.
YesBank Charts as on 1st FEB 2019
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