Initially prevailing uptrend - Yellow line.
1- Uptrend is disrupted.
2- Temporary peak is made (either higher, equal, or lower than prior immediate high).
3- Old previous low is taken out.
If all 3 points are taken out, this is a 1-2-3 trend reversal.
1- Uptrend is disrupted.
2- Temporary peak is made (either higher, equal, or lower than prior immediate high).
3- Old previous low is taken out.
If all 3 points are taken out, this is a 1-2-3 trend reversal.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.