DESPITE THE BREAKING OF THE MAJOR TRENDLINE INDICATES AN IMOPRTANT CHANGE IN TREND,BUT THE MOST CHARTISTS AGREE THAT PIERCING A TRENDLINE IS NOT ENOUGH, AS THAT IS ONLY THE FIRST HINT OF A TREND CHANGE
VICTOR SPERANDEO HAS A METHOD TO DETERMINE WETHER A TREND HAS OCCURRED, CALLED 1.2.3 TREND CHANGE
THIS METHOD HAS THREE RULES, FIRST, PRICE MUST CLOSE ABOVE THE TRENDLINE, THIS OCCURES AT POINT 1(ON THE CHART), SECOND, PRICES RETEST THE LOW ,THAT APPEARS AS POINT 2,THE THIRD RULE IS THAT PRICES SHOULD CLIMEB ABOVE THE PRIOR HIHG(POINT 1 AT 13581), WHEN PRICES CLOSE ABOVE 13581 (POINT 3), THE PRICE TREND HAS CHANGED FROM DOWN TO UP
NOTES: IF THE POTENTIAL SMALL UGLY HEAD AND SHOULDERS OCCURES, AND PRICES DIP SLIGHTLY BELOW 13335, CONDSIDER THIS NEW LOW AS A TEST LOW AND EGX30 IN SUCH CASE NEEDS TO CLOSE ABOVE 13581(THE THIRD RULE) TO VALIDATE TREND CHANGE
