The end of a trend, as spotted by the Remek! System
This image is actually from an email to our customers, but we find it so useful, we thought we'd share it on our blog as well.
This Remek! System tip relates to identifying, with a high degree of accuracy, when the trend may be over and may turn into a consolidation or a change in direction: note on the chart the point where the market fails to make a higher high. That is the point where you'll want to start not taking trades or want to start looking for potential short setups (or vica versa depending on market direction).
As you can see, our Remek! System's AUTO mode captures the final phase of the trend rather reliably.
Mindful trading to all!