2013년 6월 24일 월요일

End of UpTrend

three rising vertical bars followed by a bar that is less than the third

After a series of higher highs and higher lows creating an uptrend, when price bars make a lower high and lower low, this could be a signal of a potential reversal of price action. Typically, these reversal bars with lower highs and lower 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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