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Key Reversal Bottom: A Key Reversal Bottom (Signal Bottom, Closing Price Reversal Bottom) can be defined as follows: following a prolonged move down in terms of price and time, a market has a lower-low than the previous time period, a higher-close, a close above the time period’s mid-point, and a close above the opening. If this occurs, consider this a sign that the market has bottomed and that the trend is getting ready to turn up.
This Key Reversal Bottom definition may be different than other definitions of this pattern because I use references to the opening and the mid-point.
