We all know that a trend exists between two trend reversals.
It is therefore important to identify a trend reversal first, and then keep following it till the next reversal.
Any good trading strategy should thus consider three essential features:
It is therefore important to identify a trend reversal first, and then keep following it till the next reversal.
Any good trading strategy should thus consider three essential features:
- Change in the momentum of the price: Early indication of impending reversal
- Change of price direction: Trend Reversal
- Continuing movement of price in the new direction: Trend
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