Why trend reversal? -> basic technical analysis! trend lines is all you need :)
some ask: "why a sudden increase in price"? what's the news?
the reason is simple, and it has nothing to do with news!
Trend reversal was about to happen only if we had these conditions:
-Important breakout points broken and crossings of trend lines
-sudden rise in volume
Do you think it's a coincidence that the huge sudden spike for no apparent reason (no news) happens when two lines that touch several crucial points in the graph meet PERFECTLY for the first time ever?
the reason is simple, and it has nothing to do with news!
Trend reversal was about to happen only if we had these conditions:
-Important breakout points broken and crossings of trend lines
-sudden rise in volume
Do you think it's a coincidence that the huge sudden spike for no apparent reason (no news) happens when two lines that touch several crucial points in the graph meet PERFECTLY for the first time ever?