Quote from: etoimene on May 15, 2019, 08:12:10 AM

Quote from: Strike Eagle 26 on May 15, 2019, 01:47:51 AM

where market tested its daily bullish reversal(62.1) you could of shorted the market at that point

What do you propose for exit points in this case? Obviously, stop loss can be just above. How much? 0.2?
Take profit could be next bearish reversal? Or X times the risk? Or some technical level?

Quote from: Strike Eagle 26 on May 15, 2019, 01:47:51 AM

knowing that the array had a directional change the very next day.

What do you conclude from directional change the next day? I see directional changes on both 14th and 15th.
I am still struggling with the arrays. Did you mean the same day?

0.2 in this case could of worked but there was a another daily bullish not that far away. You could of bought back against the nearest support level in this case the pivot point at 61.18 Directional changes usually mean that whatever direction we are in should reverse and back to back directional changes often produce spike highs and lows so the 14th produced a high the 15th and its directional change pointed to a low.

Regarding the array the most significant turning points that often unfold as main cyclical events tend to be when directional change targets align with main turning points on the top line of the array.