Excalibur Trend Indicator - Spotting Strong Trend Reversals
Channel: David I. Soto
Date: 2019-04-22

Today I want to show you my criteria for spotting strong trend reversals and what I think makes for the perfect setup when identifying new trends.  

So to begin with, we need to  first, look for a down or up arrow using a daily time frame and my Excalibur Trend Indicator.  Then I like to look for either a downtrend or uptrend that is met by either a strong level of support or resistance respectively.  Once we have that identified then we need to wait until the price breaks that trendline by at least two candlesticks on a 1H chart.  When that happens, then we are safe to place a trade in the direction of the new trend.

Once you place your trade, then just wait for the next opposite color arrow to form and close the trade and take your profit.  It really is that easy.  

Let me know if you have any questions or comments about how to trade using my Excalibur Trend Indicator and I will be more than happy to assist you.  You can contact me at either of the below points of contact...

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