2013년 6월 24일 월요일

End of Downtrend

three falling vertical bars followed by a bar with a higher low and higher high

After a series of lower highs and lower lows that create a downtrend, if price bars make a higher high and higher low, this could be a signal of a potential reversal of price action. Typically, these reversal bars with higher highs and higher lows should make a drastic break from the prior uptrend to be considered valid. See the chart example at the end of this page for a real life example.

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