Short term extreme oversold bounce trades are quick trades that traders make to make quick cash but they have to be sold. If you hold the bounce you will eventually lose on the trade as resistance is coming down and the trade will fail unless the system gives a buy hold/signal.
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Yesterday's and today's opening spikes lowers were excellent examples of extreme oversold short term bounce trades on the system.
Things you need to know.
1) Make sure you take some profits from your short.
2) If you jump in for the Bounce trade. Make sure you take profit.
