Key Reversal Day

Key Reversal Day - Key Reversal Days are one of the most overrated patterns in the technical analysis. Many of the so-called experts and authors do not even know the proper definition for this technical term, and many websites have continued to promulgate similar misinformation. The pattern can provide for the early entry into reversals, but without confirmation, such as from momentum divergences, trading key reversals can prove to be a very high-risk strategy. The simplicity of entry though, and the clear rules associated with trading it, make the pattern a simple one to identify, once you know the correct definition and to execute.