Seems like the trade should be placed day after it hits -83 ? Looking at chart the low on %R usually followed by a lower low on price action? Looks like a good strategy but wouldn't want to get stopped out
responsibletrad8r
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@cpuk2017, yes prior day closes with a very negative reading, then you should be ready to trade on the open on the next day. Strategy is used on S&P 500 and 30 Year Bonds future by larry williams, but it is also low risk on assets like UPRO or crude/heating oil