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Head Fake

The head pattern reversal strategy identifies possible price reversal points. Histogram bar pointing up suggests a bullish reversal point while, on the other hand, bar pointing down suggests a bearish reversal point.

Reversal points might appear in both up-and-down trends. So, it's highly recommended to use a filter, such as RSI, William's Percent Range or CCI.

In the screenshots you can how the HEAD FAKE INDICATOR hints good reversal points when working in conjunction with other indicators.

Daniel Andrejczuk
5335
2017.11.09 13:50 
 

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