In this video we look at a wonderful example which pulls it all together in terms in how to identify a secondary phase of price action using VPA. In this example we start with a bullish primary trend and note how the volume and associated price action in the reversals helps us to conclude whether we are seeing a full blown reversal or simply a secondary reversal which is confirmed by the associated volume profile. What we also have here is the complete cycle where the bullish primary trend does indeed come to an end and is then replaced with a bearish primary trend, and once again VPA helps us to stay in this trend also.