This objective rule determines when a trend has officially changed direction. To spot a reversal from an uptrend to a downtrend, look for three specific events:
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The price rallies but fails to make a new high. This objective rule determines when a trend has
If the price immediately fails to hold above that high and closes back below it, a reversal is imminent. This provides a high-probability short entry. Macroeconomics and the Business Cycle
This involves pursuing small, steady gains. Sperandeo emphasizes trading only when the odds are heavily in your favor. Amazon
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A subsequent rally pushes the price slightly above that previous high. Macroeconomics and the Business Cycle This involves pursuing
The price falls below the previous minor low. Once this happens, the reversal is confirmed. 2. The 2B Pattern (The "Spring" or Fakeout)