1. No Retracement: Buy on Green. Sell on Red. 2. Single Level Retracement: Buy on Green. Sell on Red. [Gray between Greens] are Retracement of an UpTrend and [Gray between Reds] are Retracement of a DownTrend. [Red - Gray - Green] is Reversal from DownTrend to UpTrend and [Green - Gray - Red] is Reversal from UpTrend to DownTrend. 3. Multiple Level Retracement: Buy on Green. Sell on Red. For High risk Traders: In an UpTrend Light Green is an Early Sell. In a DownTrend Light Green is an Early Buy.
Retracement and Reversal Visual Indicator "Never Predicts". It indicates the following: 1. "Is Rising" (Greens) 2. "Is Falling" (Reds) 3. "Is Retracing in an UpTrend or DownTrend" (Grays) 4. "Is Reversing after a UpTrend or DownTrend" (Green-Gray-Red or Red-Gray-Green)
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