1. Buy on capitulation/ panic, evidenced by extreme oversold conditions, price detachment to moving averages, volume capitulation (e.g. WEB, MRSGI)

web-3
mrsgi

2) Buy on short term down trend line break (preferably  a flag or a pennant pattern ) (e..g. BLOOM. MCP)

bloomscreenshot

mcpscreenshot

 

3) Buy on double /triple support confluence. In this case, weekly ema 21 + 76.4%  fibo level (e.g. LIHC).  Drastic drops like these are highly toxic and bounces could be weak.  Thus, trail your stops if a bounce materializes. Then wait for a clearer picture on the weekly chart. Remember that the  more confluences there are in a support area, the stronger the bounce.
lihc

ALCO bounced off 50% level and 4 day EMA. Note that this was just a bounce, as price broke lower afterwards.

alcob

4) Buy on bounce from support plus bullish moving average crossover (e.g. FPH)

fph

SELL at resistance plus bearish moving average  crossover
fphsell

5) Buy on box + RSI breakouts (e.g. MRC)
mrc

 

There are so many more  chart setups .

Find your style and profit from them. Good luck!

Details of my January webinar here.  Only 3 slots left.

 

 

 

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