COMPLETE REVERSAL TRADING SECRET FOR BEGINNERS AND SENIORS: Guide To Mastering Reversal Trading Techniques For Winning Trades And Profit (The Forex Trading Secret Handbook) (English Edition)

A reversal can occur to the upside or downside. Following an uptrend, a reversal would be to the downside. Following a downtrend, a reversal would be to the upside. Reversals are based on overall price direction and are not typically based on one or two periods/bars on a chart.

Certain indicators, such a moving average, oscillator, or channel, may help in isolating trends as well as spotting reversals. Reversals may be compared with breakouts.

Reversals often occur in intraday trading and happen rather quickly, but they also occur over days, weeks, and years. Reversals occur on different time frames which are relevant to different traders. An intraday reversal on a five-minute chart doesn‘t matter to a long-term investor who is watching for a reversal on daily or weekly charts. Yet, the five-minute reversal is very important to a day trader.

An uptrend, which is a series of higher swing highs and higher lows, reverses into a downtrend by changing to a series of lower highs and lower lows. A downtrend, which is a series of lower highs and lower lows, reverses into an uptrend by changing to a series of higher highs and higher lows.

Trends and reversals can be identified based on price action alone, as described above, or other traders prefer the use of indicators. Moving averages may aid in spotting both the trend and reversals. If the price is above a rising moving average then the trend is up, but when the price drops below the moving average that could signal a potential price reversal.

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