Sorry to interfere:Jimmy wrote: ↑Sat Apr 25, 2020 12:53 amFast WPR moves first, followed by slow WPR
When the single, fast WPR is Oversold or Overbought, you can scalp these reversals.
When both fast and slow WPR are Oversold or Overbought, these show that the market is going to reverse for a significant amount.
Here's a quick guide with some examples pointed out
I am not trying to criticize your explanation but - to me - it seems to simplify matters a bit (but that bit may be quite decisive):
While what you write isn't wrong as such - I think it will be difficult to make money trading according to these rules:
a) even your example had a case in which double OB didn't indicate a trend reversal but was simply a pullback in an uptrend
b) much more important, though, price can stay OB or OS for a very long time in a trend; so you can lose a lot of money adhering to the principles you mention.
Don't take this the wrong way I am just stating my opinion.
(People should really think about this OB/OS-approach, I don't think it's really the best answer - see my post about SLOPE above).
