Here are the steps to ANY trend reversal.
1. Look for an extended trend that is in its 5th wave.
2. Use an exponential moving average crossover to make an objective reversal signal (black plus sign)
3. Pivot candle formation
4. Break of the previous structure high
5. Formation of new structure high
6. CCI breaks above +100
7. Apply your favorite trading strategy to enter the trade
Comment below and share your favorite trading strategy :)
1. Look for an extended trend that is in its 5th wave.
2. Use an exponential moving average crossover to make an objective reversal signal (black plus sign)
3. Pivot candle formation
4. Break of the previous structure high
5. Formation of new structure high
6. CCI breaks above +100
7. Apply your favorite trading strategy to enter the trade
Comment below and share your favorite trading strategy :)
Chris Juliano
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.
Chris Juliano
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.