200 IB Rotation Targets
Definition of '200 IB Rotation Targets'
So if the initial balance is 10 handles wide, the target would be for a 20 handle day range, so you'd look to exit or fade when you add 20 handles to the initial balance low or subtract 20 from the highs.
These have been shown to be high probability reversal areas when hit intraday for a reversal back to balance.
Do you have a trading or investing definition for our dictionary? Click the Create Definition link to add your own definition. You will earn 150 bonus reputation points for each definition that is accepted.
Is this definition wrong? Let us know by posting to the forum and we will correct it.