I go by the distance of the drop to the 50 sma.
and the trajectory of the 50 sma.
Quote Tweet
Replying to @MasterBJones and @traderbjones
How did you know to do it then? Was there any specific indicator, or just the fact that it was a big drop?
Conversation
Magic. I don’t suppose, maybe later when you have time, you can elaborate regarding the distance . Is there a specific percentage that you are looking at? Thank you in advance.
Do you look for a specific size drop to be met, or is it more of an intuitive thing?
Interesting! Can you please teach us this drop distance technique as well?