2B reversal pattern- 2B for the first time pattern (excellent and very strong reversal trading technique) has been described in the book of Victor Sperandeo (among traders, he was then known as Trader Vic) «Speculating professionally.” Trader Vic describes this excellent technique as follows”: “When the upward price trend, if the price on the market touched the previous price peak, but could not cross it the first time, and immediately fell below the previous price peak, this suggests that the trend has been on the market about to make a turn“. The opposite is generally true for the downward price trend.
Regulation pattern 2B apply as soon as the market price creates a new maximum or minimum, and then significant pullback. Following the implementation of the rollback, the price is once again trying to test generated a maximum or minimum price. Once this testing of “new” maximum or minimum is unsuccessful, it is a signal of potential reversal previous price trend.
This setup is powerful enough and it signals the trader of the early correction in the market. 2B, the patterns can be found on the intraday setups and transactions within the day by finding trendy tops and bottoms is quite useful. Forex traders can also be used in the analysis of 2-tops and 2 bottoms volume of transactions. If this volume is the second peak or the bottom is less than the first peak or the bottom, it tells him about the divergence and the formation of the possible formation of 2B.
Downloaf 2B reversal pattern PDF
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