wait for the down pressure to die off, then catch LONG SPIKE!!!
now, lets wait for the long spike to happen
right now, everybody are super bearish. the world is falling apart, DJI is crashing, hit the circuit break. so the sheeps who just came into the market are most probably going to short the market.
and when everybody is super bearish, guess what will happen? a super long spike will happen! ( as always )
so, now lets just wait for the down candles to slow down and when that happens, we can set a 100-200 dollars stop loss LONG. usually its going to move about 500 dollar at least, so its a good 1 : 3 trade.
right now, everybody are super bearish. the world is falling apart, DJI is crashing, hit the circuit break. so the sheeps who just came into the market are most probably going to short the market.
and when everybody is super bearish, guess what will happen? a super long spike will happen! ( as always )
so, now lets just wait for the down candles to slow down and when that happens, we can set a 100-200 dollars stop loss LONG. usually its going to move about 500 dollar at least, so its a good 1 : 3 trade.