Spring Reversal is a Wyckoff concept where price briefly breaks support and then springs back above it.
This shakeout traps late sellers and often marks the beginning of an uptrend.
The strategy buys once price reclaims the broken level, anticipating swift short covering and new demand.
A stop just below the spring low limits downside, and the position is closed if follow-through fails.
Entry Criteria: indicator signal
Long/Short: Both
Exit Criteria: stop-loss or opposite signal
Stops: Yes, percent based
Default Values:
CandleType = 15 minute
StopLoss = 2%
[*]Filters:
Category: Reversal
Direction: Both
Indicators: Wyckoff
Stops: Yes
Complexity: Intermediate
Timeframe: Intraday
Seasonality: No
Neural networks: No
Divergence: No
Risk level: Medium