A bit of the What's Familiar... continuing the occasional theme from last September which outlines the oft-seen signs of reversals of direction.
On the right is Elsie, my dear departed Lab Retriever on the screen saver. On the left is the chart of FAZ from today which has a few short yellow lines pointing to areas where dojis, near dojis, five-minute candlesticks which end at the high or low of the time frame, five minute candles which have wide price range but tight open to close prices. Also, high volume spikes which often correspond to reversals have magenta lines at their extreme price points with the white line coming up from the corresponding volume spike below. These high volume spikes are excellent exit points from successful trades or cautiously, present opportunities to fade the most recent move for reversal.
Clearly, not all reversals are large enough to play, and some indicators mentioned don't materialize into reversals at all... that is why stops should be implemented. --"do as I say, not as I do" (chuckle!)
