I do not think so, 60 min flow is pure pivot game. One can think of tweaking it to reverse after a really really big exceptional WRB -- anyway not the kind of WRB Vineet has pointed out in his above post.
My views
Bee
Hello Satya
The rule nitin pointed to is different.
That rule is used when converse WRB is formed on 60 min. By converse I mean bearish WRB is formed when we are long and Bullish WRB is formed when we are short.
in the first hand we should have not gone long without proper pivot.by the time now u could be in short again as per gap rule. ,against the position,large filter taken out.
Hi Srini i may differ with you here though it was not very very clear pivot but according to 60 min flow we had enough evidence to reverse on friday may be we differ bit about the reversal point but reversal was there