SELL THESE TOPS (Trend Reversal Strategy)

If you want to understand when a trend is ending and take advantage of it, you need to have a clear trend reversal strategy.

Many traders spend so much time learning how to identify trend reversal, but then they fail.

The result?

They think it’s hard and they give up.

What’s the real story?

Identifying a major trend reversal is not difficult and profiting from a simple trend reversal strategy is possible for any trader.

In today’s live trade on our TradingView chart, we have a very great technical setup.

It is slightly compromised by the fact that we’re sitting above a support level, indicated by the Levels and Zones.

This means that the price might find a hard time moving down.

For this reason, we remain a bit generous with our Stop Loss, but apart from that, we trade our trend reversal strategy regularly.

Apart from the fact that the price is above a support level, which might prevent it from moving lower, we have a great setup because:

1. 1. The price moves higher while the RSI Exhaustion moves lower, which means that they are in divergence.
   2. The RSI Exhaustion is bullish exhausted (colored green).
   3. There is a confirmed top (actually there are two very close to each other) displayed by the Bottoms Tops Signal.

We are forced to stay a bit generous with the stop loss due to the fact the price is above the support level, but apart from that, we trade the setup as usual.

The price is finding a hard time moving lower but the RSI Exhaustion keeps going down so, eventually, we should see the price moving down as well.

Here we have the downward movement which should continue considering the overall technical outlook.

If the trade started slowly, it then accelerated towards the second part and the price ultimately reached the target.

The 2.6x profit that we got is yet another confirmation that we are indeed using probably the best trend reversal strategy for consistent profits out there.

And, by the way, our trend reversal indicators don’t lie! 🙂

Do you like trading trend reversals as well? Or maybe you prefer trend continuations?

Let us know by adding your comment on the YouTube video above.