Filed Under — InformedTrades, Stock Market Analysis
InformedTrades – Bullish and Bearish Checkmates
The concept of checkmates comes courtesy of Steve Nison. Steve’s web site: http://bit.ly/IGvhS2
Basically it is very similar to accumulation/distribution zones in supply demand analysis. A checkmate occurs when a market with big bars begins to consolidate and show no ability to make new highs or lows.
Checkmates can help us forecast reversals in the market. [Go to Source]
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