I call it the 'Blip'. This occurs when both RSIs set at 14 and 3 periods dips below 30% and candles closed below the keltner's low channel. I would place a buy order when candles closed above the 30%. The blips are likely to indicate the demand zone. Also, when blips occurs, it would be worthy to wait for the formation of
bullish divergence in the lower time frames, then enter a buy order by using price action. I found the use of Blips effecive in my cost averaging strategy as well.
/please DYOR/trade at your own risk
bullish divergence in the lower time frames, then enter a buy order by using price action. I found the use of Blips effecive in my cost averaging strategy as well.
/please DYOR/trade at your own risk