I don't trade but I understand where this is based on and more importantly where it comes from (market dynamic). So IF I see a certain reversal from a projected area (the way I determine those area's and there aren't many of them), the trade has a higher probability.
for updates follow me.
www. facebook .com/timstuyts
We saw a nice consolidation that presented a new buy opportunity which I traded. However I expect price to move higher and will be looking for the next consolidation.