How to Time the Bottom in Stocks: A Three-Step Trading Method
Rule -
Candle color is not a matter/issue.
- Weekly chart must undercut previous 3 weeks.
- Chart must close above prior weeks close.
- Must have above average volume on point 2 candle.
Money management rules for stock trades.
- Enter at open on Monday using market order.
- Sell half at 8% (Target 1)
- Stop- loss max 10%
- Once hits Target 1, raise SL to break even on remaining shares.
- Trail 1% behind 50SMA on remaining shares.
Candle color is not an issue.
Red, Green, Red. Picture 1
Red, Red, Red Picture 2, 3
Chances are high for the stock to go up if green candle is bigger than 3rd red candle (engulfing candle)
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