Reversal

Strategy 6

Markets:Gold · ForexTimeframes:M30 · H1ReversalExhaustionVolumePrice Action

Strategy 6 focuses on identifying market exhaustion — moments when price has moved too far too fast and is likely to reverse. It combines candlestick exhaustion patterns with volume confirmation and key level proximity to find turning points with defined risk.

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Setup Guide

How to apply Strategy 6

Step-by-step guide for TradingView and STEP Workspace setup.

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TradingView Setup

Pine Script · Chart Application

  1. 1Apply Strategy 6 to an M30 or H1 chart for Gold or major Forex pairs.
  2. 2The script marks exhaustion candles and volume spikes at key levels.
  3. 3Wait for a cluster of signals before considering an entry.
  4. 4Always define your invalidation level before entering a reversal trade.
  5. 5Set alerts on the exhaustion signal so you don't miss setups.
  6. 6Reversal trades carry higher risk — size conservatively.
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STEP Workspace

Journal · Practice · Review

  1. 1Find Strategy 6 in the STEP Workspace under "Reversal" category.
  2. 2Study the exhaustion pattern recognition guide first.
  3. 3Practice identifying the pattern on historical data before live application.
  4. 4Journal every reversal attempt — note what worked and what didn't.
  5. 5Request a pattern review from your educator after 10 documented setups.
  6. 6Track your accuracy over time using the STEP progress dashboard.

At a Glance

Strategy Quick Reference

Markets

  • Gold
  • Forex

Timeframes

  • M30
  • H1

Tags

ReversalExhaustionVolumePrice Action
Strategy 5Strategy 7
SmartifyTrade strategies are educational tools only. They do not constitute financial advice, trading signals or profit guarantees. Always use your own judgment and appropriate risk management.