How to Stop Getting Slaughtered by V Tops and Bottoms 📈📉

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[@lombardo141]

V shaped reversals are my favorite patterns. The problem I have is time. They take hours to form and I miss 95% of them. The 5% makes me bank though. 😇

[@annbarlow6348]

Feels like the last couple of videos have all been about my mistakes .LOL

[@CouncilEstatePopMusic]

Thanks for the info. Was actually confronted with a V today. Bought in the the bottom it reversed so Im in profit for the while and now slowly going up/down. Pretty much as you've said. :) In the US market Friday midway through the day I might add. Jake.

[@orangequant]

Thank you.

[@krishankr8321]

Good knowledge

[@christopher1423]

easy... stop getting in too late, take the break down before it plummets, use MTFA

[@kannapiranr.p9607]

Thanks

[@zambam3]

If the red candles start getting smaller and smaller going down towards the support level, this means the move is running out of steam, and will head in the opposite direction, right? Cheers, Rob.

[@dakaodo]

1) depends on timeframe. These V tops/bottoms often look like a single long candle wick on higher timeframes, even down to a single M5 candle. 2) if the market is being reasonable, then yes, decreasing candle magnitude shows deceleration. Can often be found on lower timeframes M1 and M5. However, in particularly forceful moves, that pattern you describe could be a strung out attempt at a normal retrace -- and then price continues the sharp trend again. You really have to check your higher timeframes for divergence or multiple bottoms as well, and look for confirmation of reversal at MAJOR SR levels (like 100 pips) with higher lows and higher highs on the lower timeframe that turn prior resistance into support (classic confirmation).

[@limbokid]

basically aud/nzd these days

[@carlos_f]

I miss all these Vs, too chicken to hop in