Ball Bounce

Ball Bounce

Ball Bounce - 

This model is similar to the San Francisco Effect and Prophet Target.

The model suggest markets will make a move then bounce the opposite direction for 3 to 8 plus points. Then, move back the price point that it originally achieved.

You can't see this clearly on past charts, It is a live action that you will see this model with the current bars normally. But, they this model happens a lot more than people can see on looking on historical charts. 

How to trade this model?

There are 2 ways to trade this model -

1. Wait for the move to happen, then fall back, then reach for an entry in the same direction to enter or exit the market at the current extended price levels. 

2. Don't jump out of a trade if your exit order is not filled right away, wait for the bounce back. We call this Prophet Target model too. 

https://cycletraderpro.com

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