Chart Pattern, Signs of a Market Reversal

The reversal movement can actually be identified from the start, namely by reading the candlestick formation or price action. The reversal moment lasts in the long term, it can last several weeks or months. In other words, a reversal is a change from a bearish trend to a bullish one or a long-lasting bullish to a bearish trend change. Sua

A trend can be said to be a reversal if the price breaks towards the support or resistance and the trend has the same shape between the daily time frame or higher. Usually before a change or reversal occurs, it begins with sideways or consolidating market conditions. Here are the signs of a reversal:

Signs of Reversal

In general, here are the recognizable signs of reversal:

1. The price was unable to break through an important resistance level

2. An important news event has occurred or has been released that can affect a country's economy and have a long-term impact.

3. A certain candle pattern is formed that has a big impact, some examples are the morning star, evening star, three black crowds, three inside up, three inside down, and others.

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