Reflection is a counter trend strategy. As such, profits are gained by trading against the trend. This strategy utilizes Stochastic Lines and Horizontal Lines. Use a time frame of 5-15 minutes.
Up Trade: Wait for one or two of three signals. - Quotes have hit a support line. - The Stochastic lines go from below to above 20 [green line]. - A reversal pattern has formed: Bullish Engulfing, Three Outside Down, etc.
Down Trade: Wait for one or two of three signals. - Quotes have hit a resistance line. - The Stochastic lines go from above to below 80 [green line]. - A reversal pattern has formed: Bearish Engulfing, Three Outside Up, etc."
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