Today, I will speak about a classical method of detecting a trend reversal. Let us have a look at a group of reversal patterns, which are likely to precede a trend reversal.
Tag: trend reversal
One of the set phrases of tech analysis goes: "The current trend will be developing until it reverses". It pushes us to the idea that every trend will finish and reverse sooner or later. In this article, we will learn to detect such reversals.