Tip 10: Slow decline will accelerate, don’t copy the bottom and wait for slump
Tip 10 needs to meet three conditions as follows:
1. The price declines along the MA5 and MA10;
2. The rate of fall is not sharp, but new lows are created continuously;
3. The price will accelerate and deviate from the MA.
Usually, the price slides slowly, and correction is small bullish candles, then rise again along the MA5(attack line) and MA10(defense line). If the market move as this, don’t guess where is the bottom, just sell at correction. When the market accelerates as several large candles with long wick and price is far away from MA5, the phased bottom is likely to form.
This is more effective in big time frame.
Tip 10 needs to meet three conditions as follows:
1. The price declines along the MA5 and MA10;
2. The rate of fall is not sharp, but new lows are created continuously;
3. The price will accelerate and deviate from the MA.
Usually, the price slides slowly, and correction is small bullish candles, then rise again along the MA5(attack line) and MA10(defense line). If the market move as this, don’t guess where is the bottom, just sell at correction. When the market accelerates as several large candles with long wick and price is far away from MA5, the phased bottom is likely to form.
This is more effective in big time frame.