Trend Reversal Illumination = Count Time Of The Move !

In determining when an uptrend or downtrend might exhaust/end
it is quite useful "to count" the cumulative total of up/down bars in a uptrend/ downtrend.

In this example, using a 15 minute intra-day chart on SOXS,
for 5/28/24, one can count "16" down bars on day.

However after 145 pm Eastern, in just 4 bars, and in only 25 % of the time,
SOXS has regained important price support of 25, and more, with a KST Buy Signal to Confirm !

Conclusion. The faster price moves, the greater the importance to a meaningful "trend reversal"

THE_UNWIND
Woods Of Connecticut