Martin Pring defines technical analysis briefly as the "art of identifying a trend reversal at the earliest stages and then trading in the direction of that trend until the weight of the evidence proves the trend has reversed."
The initial "Momentum Kick-off" signal is one of the clearest and most powerful early signals of trend reversal, especially when it is preceded by clean momentum divergences.
Join Corey Rosenbloom, CMT and author of The Complete Trading Course, as he explains how to identify this signal in real time and when the odds have shifted in favor of playing safe trend reversal strategies.
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Drawing from examples in multiple markets and multiple timeframes, Corey will broaden your awareness of this time-tested concept that is based off the original work of Richard Wyckoff. He will put the original principle in context of today’s markets and indicators that complement the reversal signal.
While any trend reversal strategy involves risk, you can greatly reduce this risk by waiting for this chart signal to fire and placing your stop at the precise point where the signal will be invalidated. The logic will help you determine what is likely to be the first swing in a new trend at its earliest stages, whereas the broader crowd will see nothing more than a typical retracement against a prevailing but mature trend.
If you find yourself unable to resist playing for trend reversals, this webinar will help you learn to filter your trading decisions more effectively by waiting for these hidden signs of strength, instead of calling the proverbial “tops and bottoms,” which new traders are advised to avoid.
Corey Rosenbloom holds the professional designation of Chartered Market Technician (CMT), and is the founder of Afraid to Trade. He founded Afraid to Trade to share some of his experiences and define trading strategies for the public, which detail his unique style of incorporating both the larger perspective of inter-market analysis with the shorter, intraday trading techniques and classical price concepts that can be employed to minimize risk and maximize opportunity.
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