All profiles in this picture look balanced. Why “assume” a “tendency” of mean reversion, when TPO’s analysis tells you exactly “who’s in control” buyers or sellers? This is why Pattern recognition fails. Trading the “picture” with total disregard for the facts. Why guess, when the data is staring you in the face? Well, if there are no TPO’s the next best thing would be to guess, or assume. But analysis will tell if if there is clear buying or selling. That info doesn't matter to some people, but personally I prefer to trade using the facts……………….
Markets are not efficient, rather they are effective - Jones