| Followers | 2 |
| Posts | 124 |
| Boards Moderated | 1 |
| Alias Born | 03/21/2011 |
Monday, February 11, 2013 9:07:15 AM
There are so many technical analysis tools and indicators used to determine trend changes. They all over-complicate what is so simple to determine. If a low in a series of higher highs and higher lows is violated, the trend is not longer up and vice-verse. It's that simple.
However, the trend has not changed from up to down yet It's just not up now since it doesn't meet the definition of an uptrend. Common sense, right? That being said, sometimes an event happens that strongly signals a change of trend. This chart shows that event and the difference between overcoming two swing highs. One is that event and one isn't.
Pristine - A Trading Style, Often Imitated, But Never Matched!
However, the trend has not changed from up to down yet It's just not up now since it doesn't meet the definition of an uptrend. Common sense, right? That being said, sometimes an event happens that strongly signals a change of trend. This chart shows that event and the difference between overcoming two swing highs. One is that event and one isn't.
Pristine - A Trading Style, Often Imitated, But Never Matched!
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
