How to pick trend reversal: Concept of Peak-and-Trough!Technical Analysis: Peak-and-Trough Analysis
This concept of Peak-and-Trough Analysis beautifully explained by Martin J Pring in his book "Technical Analysis Explained".
Excerpts from Martin J Pring book:
"This principle reflects Charles Dow’s original observation that a rising market moves in a series of waves, with each rally and reaction being higher than its predecessor. When the series of rising peaks and troughs is inter- rupted, a trend reversal is signaled. To explain this approach, Do
