Posted 5/3/2016 23:08 (#5281305 - in reply to #5281033) Subject: RE: Understanding chart signals
Red River Valley
it is possible that you can have a Key ( daily) reversals and the market walks right though it even multiple times and still trends higher but usually they demonstrate a market that is running out of momentum and will soon falter.
a key weekly reversal is much harder to over come and Key monthly almost always show up followed by major turns