The top and reversal could be easily established on the hourly charts with TTO as shown below. The hourly trend started falling below the daily trend, even as the stock was retesting new highs, giving a clear signal of impending reversal.
The 15 minute trend continued to show weakness as it failed to pull itself up above the hourly trend. This provided a clear exit signal at 3840 levels. Earlier, the 15 minute trend had started rising above the hourly trend indicating a buy.
Even the daily charts suggested sell as indicated by the trigger line crossover. The buy was indicated at 3580. Once the stock touched 3760, the indicator was showing continuous loss of momentum.
