Reversal Bars Trading
Continuation Bar (CB)
Long Setup
- Price is above the channel
- Slope of moving average is not flat or negative
- Wait for a bar with a lower low (signal bar)
- Buy the high of the signal bar
Short Setup
- Price is below the channel
- Slope of the moving average is not flat or positive
- Wait for a bar with a higher high (signal bar)
- Sell the low of the signal bar