This is a simple and effective way to determine when the trend is changing. There is no other tool used in this example other than price action. Since it is important to read a chart, this video focuses on that. No indicators are on the chart for this demonstration. Just price and time can be seen. The request came from a need to explain how I go about deciding when a market has changed directions. In a nut shell there is a step by step process that takes place to solidify that the trend is coming to an end.
The video will be helpful for any trader whether they are trading short term or long term, scalping or swing trading. This pattern appears on all time frames and in all markets. Once the pattern is learned then it can be used to take advantage of turning points in the chart. Every speculator should know how turning points develop. It starts after a persistent move in one direction is coming to an end. If the bulls have been in charge for some time, then the bears will notice that the momentum will start to slow down. Time and time this same process happens over and over. I dare say that it happens almost all the time.
Mastering this one market nuance can accelerate your development as a trader. Even if this is the only thing that you focus on for the rest of your life, the sequence of events that transpire during a change in direction will benefit everyone that can read it when it is happening in real time. The video covers not only how to spot the trend change, but when to spot the trend change, and where to take action. If you find this video helpful and would like to get notice when more informative content is published then don't hesitate to join the mailing list which will signal you when new material is posted.