Sentences with phrase «possible bullish reversal»
ex4 custom indicator surges above the 0.00 level while a sell signal is being observed, it is an indication of a possible bullish reversal i.e. a trigger to exit or take at once.
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It can be used to confirm a new trend (with a move from below 50 % to above 50 %, or vice versa), to suggest when a given move may be getting overbought (above 70 %) or oversold (below 30 %) and also when a potential price reversal may be possible (bullish divergence or bearish divergence).