This is a concept post that easily lends itself to various types of strategies. We will follow up with more strategy posts later.
The concept used here aims to predict in advance the most important trend continuation levels after a large pullback in a downtrend. It aims to provide both the optimal entry level for shorts. The area where it’s most likely we can enter and it goes our way right away and goes our way big. As well as the levels at which we should quit on the short because the trend is likely failing.
When using this concept, we’re aiming to pick up our reversal signals in this area.
Keep reading with a 7-day free trial
Subscribe to Market Forecasts and Trade Plans to keep reading this post and get 7 days of free access to the full post archives.