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This is with proven with results (and examples).
Here's how to catch every reversal play in 5min
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Bookmark and STUDY this cheatsheet for REVERSAL patterns for candlesticks. This is all you will need to memorize:
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Here's what to look for in 5 easy steps:
1. Always use 2-5min timeframes to watch for reversals.
2. Watch for reversal patterns to form (hammer)
3. Then watch for big buyers to step into chart (big long green candles)
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4. Once buyers lose control then watch for bears to step in at resistance (the key area of rejection) 5. Always pay attention to the volume (buyers are losing momentum and sellers are gaining strength)
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Here the BIG white arrows shows buyers are stepping in to defend this key area of support. With a big wick up (bullish hammer) has formed. Then you get another GREEN candle to confirm the move.
Always wait for the candle to close on 5 min before getting in.
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