Some say that Price Reversals can be brutal and sudden because when an existing mature trend is in place, it can catch complacent traders off guard. Trend Reversal trades are notoriously hard to spot in the early stages as at first, they are simply in a pullback phase and it’s only when the pullback breaks a few rules then it becomes a potential Market Trend Reversal Signals trade.
For me, Swing trading a potential Market Trend Reversal Signals is the only way and only on a Daily or even Weekly time-frame for longer term trades. Every trader has their own set of rules and strategies for Trend Reversal and I am no different. I prefer to understand the previous, mature, trend and its behaviour within Elliott Wave basic principles.
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