In a previous video we looked at a reveral on the daily chart, and here we consider the same principles applied to a 15 minute timeframe on cable. As we always say, VPA can be applied to any chart or timeframe, and this is just such an example, with a congestion phase, a bullish trend developing, into the congestion phase, and then the reversal into the bearish trend, with support and resistance then playing a key role. Once again you will have choices to make – do you get in early and wait for the breakout, do you indeed trade on the breakout, or do you prefer to wait and then jump on the trend once the ‘train is in motion and underway’?
Only a decision you can make but VPA delivers all the signals and of course in addition you would be considering this in multiple timeframes along with all your Quantum Trading indicators to guide and help you.