Joe Ross – How To Spot A Trend

zxbzA typical 1-2-3 high is formed at the end of an uptrending market. Typically, prices will make a final high (1), proceed downward to point (2) where anupward correction begins; then proceed upward to a point where they resume a downward movement,thereby creating the pivot (3). There can be more than one bar in the movement from point 1 to point 2, and again from point 2 to point 3. There must be a full correction before points 2 or 3 can be defined…

 

 

 

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