Based on the example explained in the Tradingview Wiki for Spread Charts (www.tradingview.com).
Pairs trading involves trading two separate instruments simultaneously in order to execute a single trade.
Pairs trading is a popular way to alleviate some of the risk of trading. The idea is that you find two highly correlated symbols (or two very lowly correlated...
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This stock have been bouncing of the SMA200 several times. Great enter now for a long-term long trade.
As always. Target is floating and not set . If the trade is successful, I will close once it hit's SMA200 again. re-enter if it holds.
Historically, a selloff occurs right after dividends are collected. Prime example would be last time. Price gapped up after a good earnings report but investors realized it was over bought and buried it after they made money on dividends.
As well as the bearish head & shoulders
