Reversal patterns for traders
Channel: JustOneLap
Date: 2015-07-12

Trying to call a stock or index top or bottom is generally a mugs game leaving a trader bloodied and battered.

But there are some chart patterns that offer a higher probability of getting it right, albeit still with risks but equally with rewards if one trades it well.

We will cover three of the chart patterns that indicate a reversal;

Island reversal
Kangaroo tail
Engulfing candle

They can be used on any time frame and on any tradable instrument with patience being the biggest asset to anybody using them due to their rarity.