emehoke

Trend Reversal Confluences: Down to Up.

Education
NYSE:BA   Boeing Company (The)
BA is in a major uptrend. I'm taking the easy ones this time. If only that were my mindset all the time.

Anyway this is a much more clear cut example than my first attempt with the downturn predict.

This example, there is a lot more data to work with and it is easy to draw in control and channels.

Maybe a good thing to learn from this is not to try to predict trend changes so early, but to use the signs as confirmation for a buy/sell entry as the trend is looking young and healthy.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.