Initially prevailing uptrend - Yellow line.
1- Uptrend is disrupted.
2- Temporary peak is made (either higher, equal, or lower than prior immediate high).
3- Old previous low is taken out.
If all 3 points are taken out, this is a 1-2-3 trend reversal.
1- Uptrend is disrupted.
2- Temporary peak is made (either higher, equal, or lower than prior immediate high).
3- Old previous low is taken out.
If all 3 points are taken out, this is a 1-2-3 trend reversal.
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