For trend reversals, very simple. Look at the pic. All you need is to set the Center of Gravity to 10 months back or so on the dailies (240 bars). When price gets the heck out of sinc, you've got a very good chance things are turning around (past the green resistance lines). Not that this will tell you the future, but it's definitely a warning sign. This pic was taken yesterday or the day before, can't remember, but it's very recent:



I experienced something similar last year about this time (July) with many pairs and remember what happened?

Happy trading friends,

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I just retook another picture. This is as of right now (after market close Friday). Notice the green resistance line is now lower. That's a sign. But time will tell.

Hope this helps,

(sorry my pics are so large, could never do it right)

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It looks like the blue dot repainted. That long red candle was below the blue dot in the first chart.

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That's just the Support and Resistance indicator and yes it does repaint (as do many) but once it's settled it doesn't repaint anymore. Here is an updated pic, taken 1 week later:



You can see that the support held as price moved up this week. So no trend reversal as of yet. We'll see what next week has to bring us.

Happy trading,

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