Identify A Trend Change by Pivots

In Simple Terms, An uptrend is a series of Higher Lows (Yes, Higher Highs are not mandatory for uptrend) & a Downtrend is a series of Lower Highs in that particular Timeframe (its Important).

Here is a simple method to Identify a Trend Change in any Timeframe. Look at the Picture below:

A Downtrend is in place before the Blue line. When this Blue line breaks, Downtrend ends, but Uptrend doesn't Begin. So its a NO TRADE ZONE.
When the Price makes a new Pivot High breaking the previous Pivot High, it confirms the Uptrend

That's it. Now, if you really want to understand, Practice by looking at atleast 50 charts and see the trend change.
Remember, a chart or chart pattern will never look same as seen earlier!!

Bollinger Bands (BB) Rule 2 (Reversal)

Second Rule of BB.. Pay attention to Hammer/ Stars on BB

One of my simple rule to find out a reversal is to find a Hammer at Lower BB or a Shooting Star at Upper BB. But always remember, in all the cases, we let the mid BB flatten.

That means we don't take the first reversal of BB after any Range breakout. We trade 2nd/ 3rd reversal signal on Lower BB & 3rd reversal signal on upper BB. This is due to the fact that reversal from Uptrend generally takes time, so we generally take 3rd reversal sign. Better to miss a trade then to be in a Bad one.

See my below trade as an example on 11.11.2013. After range breakout, 1st & 2nd reversal candles left. Took 3rd reversal at the marked place..

Reading BB is an art. Read it with Candlesticks but no need to remember the technical names of the candles. When we see a candle & tell to our self that people are buying/ selling or are in indecision, it's enough. We are trying to read the sentiments from candles.
Also, we need to wait for the second candle (one candle makes fool generally) & of course near to our DP.