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14. Jun
2012
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A Hook reversal signal is defined as an UP trend, the signal day will be an inside day. The open of the signal day is near the high and the close is near the low.
To confirm this as a valid signal the close needs to be below the open. Whereas in a DOWN trend, the signal day will be an inside day. The open of the signal day is near the low and the close is near the high. To confirm this as a valid signal, the close needs to be above the open.
