Downtrend Reversal Pattern
1. Price hit the bottom twice and can not make a new low
or price make a new low but goes with RSI DIV.
2. Broken down trend line for same bottom.
3. Price pass through the neckline, making resistance become support.
Uptrend Reversal Pattern
1. Price hit the top twice and can not make a new high
or price make a new high but goes with RSI DIV.
2. Broken down trend line for same top.
3. Price pass through the neckline, making support become resistance.
Good luck on those two typical patterns.
LESS IS MORE!
1. Price hit the bottom twice and can not make a new low
or price make a new low but goes with RSI DIV.
2. Broken down trend line for same bottom.
3. Price pass through the neckline, making resistance become support.
Uptrend Reversal Pattern
1. Price hit the top twice and can not make a new high
or price make a new high but goes with RSI DIV.
2. Broken down trend line for same top.
3. Price pass through the neckline, making support become resistance.
Good luck on those two typical patterns.
LESS IS MORE!