We will also be adding our What-If reversal model to the Trader preview version next weekend. This model projects where the reversals will be generated assuming an immediate low or high remains intact. Exceeding the last session high or penetrating the previous session low will negate those What-If reversals which will disappear. A new set is generated until the move concludes up or down.
This is what the computer wrote in crude oil:
WHAT IF REVERSAL
Employing our What-If Models, we see the next BULLISH Reversal on the QUARTERLY level standing at 5511. If this is elected, then look for a move in that direction to unfold. However, if we make new highs penetrating 50.92, then this WHAT-IF Reversal will change.
