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This is one of my favorite educational videos by Richard. Just to clarify. His Oops reversal can be like Livermore's shakeout plus 3, also Point and figure reversal, and Gil Morales setups of buying taking out low on reversal. There you press the long.
This is one of my favorite educational videos by Richard. Just to clarify. His Oops reversal can be like Livermore's shakeout plus 3, also Point and figure reversal, and Gil Morales setups of buying taking out low on reversal. There you press the long.
One bar stop.
I also call this a Kaizer Soze reversal which is a reversal of a reversal and you throw up your hands and you say enough is enough, I am out. This provides a great setup if you are the prey and not the victim and playing chess not checkers.
Morales refers this as an undercut and rally setup.
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