The SharePlanner Reversal Indicator is currently at some bullish extremes.
It can stay there for 1-4 weeks, before ultimately setting up the bearish sell-signal for the downside.
The average is about 2-3 weeks, but right now I would consider the market inside of the window of opportunity for the bears.
Now I am being selective with the word “opportunity”, because the bears over the last few years, absolutely hates to take advantage of opportunity. So there is a good chance that the bearish sell signal that has yet to happen, will ultimately result in sideways trading action that results in very little for the bears.
Check out the chart below and tell me what you think?
Welcome to Swing Trading the Stock Market Podcast!
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In today's episode, Ryan answers the questions of one listener ranging from his transition from paper trading to live trading, and swing trading to day trading. Also addressed is his approach to trading, specifically Fibonacci retracement levels and why Ryan prefers Pivot Points instead.
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