Reversals

I'm going to show you 3 charts, Short or long, for the most part the pattern is the same..... On the 10 tick, or the 1 minute, 10 minute, 1 day, 1 week. It's the same chart setup. Just breaking a trend isn't enough. When I chart, I never trust the first few trend violations... Why? cause I've been burned to many times, and.... I at one point realize I got burned the same every time. The setup you want to see is this, that long blue trend line unbroken, Then an accelerating "Blow off" down trend. AKA SPIKE BOTTOM. But if you look at the smaller red lines they build that nice wedge. But when you have that clear red line and blue line and are waiting for them to be broken, that is usually the reversal. Here is the same thing in gold today, you have the two trend lines into a blow off top, preceded by a wedge. But this is the stupid stuff, I do Remember my lame rule of threes. I generally look for an attempt to break the trend 3 times.. Or usually i have a hard time trusting the reversal until, as the blue lines show, I have seen the trend broken 3 times....
but if I'm lucky, when I lay out the three lines and see the developing "Blow off top", I usually look for the reversal....

As I posted a few days ago, you have that "separating rise" there at the end, into the bottom. Now I do look at charts on the 30 tick.... and to tell the truth, I used to watch charts on the 5 ticks per bar.... after watching 5 tick charts.... for long enough, it tends to help you to see the patterns on about a thousand different time frames.