Up Trend Reversal: As long as the rising trend line provides support to the up trend, the trend can be said to be in force. Violation of rising trend line is called as Up Trend Reversal.
Down Trend Reversal: As long as the falling trend line remains as Resistance, the downtrend can be said to be in force. Violation of falling trend line is called as Down Trend Reversal.
Practical Use:
1> Go Short(Short Sell) on Up trend reversal
2> Go Long(Buy) on Down Trend Reversal
Note: Up trend reversal does not always means starting of downtrend; it may result in flat trend as well.
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