It Reversed Hard Intraday. Now What?
A daily reversal occurs when price dips below the open but reverses to close above it, or rallies above the open only to close below it. The Daily Reversals tool detects the reversals that printed today and shows how price performed after similar patterns.
Some of the most-watched candles on the chart are the ones that change their mind. A stock opens, sells off, then claws all the way back to close green: a bullish reversal, the dip buyers won. Or it rips higher all morning, then fades and closes red: a bearish reversal, the rally got sold. These intraday round trips feel significant. The question is whether they actually predict anything.
A reversal is two things at once, a direction and a magnitude, and what follows depends on both, plus the ticker. A shallow rally off the low is noise. A violent snap-back from a deep morning plunge is a different animal. The only honest way to tell which one you are looking at is to see what price did the last times this ticker printed a reversal like today's.
A live reversal read, a 45-day forward price cone, a Next Move Direction bar graph, a full sortable event log, and a watchlist scan of today's active reversals.
One glance tells you whether today's reversal was bullish or bearish and how far it snapped back.
Projects the next 45 days by applying forward returns from past similar reversals.
How often price rose or fell by a set percentage after similar reversals.
A bullish reversal dips below the open then closes above it; a bearish reversal rises above the open then closes below. The magnitude is how far price snapped back to the close.
The tool scans the market and auto-highlights stocks that reversed today.
The Historical Log displays every past instance when price reversed like today's.
Check if any stocks on your watchlist or in the market reversed today.
Open the 45-day price cone. It shows how price behaved after similar reversals in the past. This gives you a realistic view of what typically happens next instead of guessing.
Switch to Bar Graph view and set your target price level. The bars show how often similar reversals reached that distance by upcoming expirations. Toggle between "By Touch" and "By Close" depending on your strategy.
Before acting on the signal, open the events log. Check how many historical matches exist and whether they cluster in one period. A small sample or regime-specific cluster tells you the signal may be less reliable than the percentages suggest.
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