I've started reading Trades About to Happen by David Weis. The author discusses reverse trend lines and reverse trend channels. I don't fully understand why he uses them. While I understand and am able to draw them, I feel that in most of the examples presented a suitable regular (non-reverse) trend line/channel would fit just as well. Can someone explain the need for reverse trend lines/channels in layman's terms? Are there particular trends (I believe the author alludes to steepness of trend, but I have not seen a compelling example) which are difficult to capture using a regular trend line/channel?
Submitted April 26, 2016 at 10:19AM by dumbquestionsasker http://ift.tt/26rpecP
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