Introduction To Trend Reversal Patterns - Lesson 8
Reversals often occur in intraday trading and happen rather quickly, but they can also occur over days or weeks of trading. Technical analysts watch for reversal patterns throughout the day, because they can indicate the need for a different trading strategy on the same security or can provide an opportunity to profit. Intraday reversals are often the result of news events and company announcements that change the valuation outlook for a specific stock.
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