What is the use of a 3-level semafor indicator?

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Catherine Poole
Answered 4 months, 1 week ago
<p id="isPasted"><strong>Semafors:</strong></p><p>Unlike what it appears like in the chart, Semafors are not points of reversals. They are simply high and low points.</p><p>Which is why, when a new high/low is created, a semafor will shift to the new bar. So one should be very careful trading semafors.</p><p>As it’s important to wait and see that the reversal is actually real.</p><p>You can use tools like:</p><ul style="-webkit-tap-highlight-color: transparent; list-style-type: square; color: rgb(64, 64, 64); font-family: &quot;Trebuchet MS&quot;, Helvetica, Tahoma, Arial, sans-serif; font-size: 14px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><li style="-webkit-tap-highlight-color: transparent;">Halftrend or &nbsp;Supertrend to see if trend indeed has reversed.</li><li style="-webkit-tap-highlight-color: transparent;">Pivot points or &nbsp;Fibo or &nbsp;SR levels to see strong Support/Resistance points. Where reversal is most likely</li><li style="-webkit-tap-highlight-color: transparent;">Strong &nbsp;volume bars which means that Buyers for …</li></ul>