Reversal is a
recognizable change in the price structure, which makes a change in the
direction of a price trend.
If a price series of higher highs and higher low reverses
into a series of lower highs and lower lows, it is a down trend.
If a price series of
lower highs and lower lows reverses into a series of higher highs and higher
lows it is a up trend.
“Reversal” is referred
to as “Trend reversal” or “Rally” or “Correction”
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