1.3 - Advanced Trend Analysis & reveral patterns

The trend is your friend

• A trend will persist until its reversal is indicated
• Understanding the trend helps traders avoid unnecessary speculation and align their trades with the dominant market direction
• A trend stays in motion until external factors cause a shift, such as news, economic data, or exhaustion in buying or selling pressure

The three reversal patterns are

• Failure swing
• Double top/bottom
• Non-Failure swing

 

Failure swing	Double top/bottom	Non-Failure swing