Home > Articles > Volume 21 (2003) > Chapter 8 (August 2003) > V. 21:8 (67): Novice Trader’s Notebook by EMS Flynn

V. 21:8 (67): Novice Trader’s Notebook by EMS Flynn

V. 21:8 (67): Novice Trader’s Notebook by EMS Flynn
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Novice Trader’s Notebook by EMS Flynn

One-Day Reversals

One-day reversals occur when a tradable instrument in a trend sustains a sharp price spike and then reverses, ending in a marked rise or drop. This formation, which is considered to be a potential key reversal day, can be seen either at a top or a bottom. According to Thomas Bulkowski, many one-day reversals represent “nothing more than temporary pauses in the existing trend after which the trend resumes its course.” The one-day reversal occurs at the end of the trend. This pattern can also be seen in a oneweek reversal.




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