15Brick Plays:How Can I TellWhen a Market Is Goingto Reverse Its Trend in theMiddle of the Day?
Using Bricks to Capture Intraday Reversals in the Mini-Sized Dow
The best intraday trades take place when a trader is able to catch the major portion of an intraday reversal. One of the best ways to do this is with a specific price pattern that we call bricks. We call them bricks because the price pattern that is formed looks like a bunch of building blocks that have been placed on top of a regular bar chart. These building blocks are formed on the chart because of specific price action. A series of three consecutive higher closes will form an “up” brick, and a series of three consecutive lower closes will form a “down” brick.
If you have a hard time ...