• An engulfing candle is formed in the reverse direction to sgnal the end of a move, or
• The market bounces off a trendline, support, ressstance, double top, double bottom or pivot line (i.e. P, R1, R2, R3, S1, S2 or S3) or any other reversal pattern shown in this ebook, or
• A Fibonacci projection target is reached (161.8% is a good one) or a Fibonacci retracement level is reached, or
• When the 5/13ema crosses on the 5minute or 15minute chart in the oppostte direction to the entry.
The choice of an exit method is up to the individual trader. A trader will use different exits on different occassons depending on the circumstances and their strategy.
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