For those who have been trading the equity markets, times have been tough. Stocks have been falling, but it is not possible to trade them on the short side. That does not mean that we should ignore ABC short trades that show up on the chart. At some point the move down will end, and there will be long-trading opportunities.
We can still use our ABC analysis to identify when we would expect a bottom to occur. This would also be a good time to brush up on some ‘change of trend’ trading techniques from the Number One Trading Plan. Overbalance of Price or First Higher Swing Bottom trades are good examples. These are the sort of long trades we might expect to show up in the next few days and weeks. Full story...
Tags: Swing Trading Long Short
