On the first pull back (or no more than the second pull back) you are looking for the stock to reverse. If find there is no confirmation on 1 green candle. YOu need a second one to show there is, at least, some shift in direction. But it does not always work and you need to be ready to exit from the trade if it fails. But, if it is the second candle and it does work, then the wait is worth it as the stock will move strongly to the up side.
@Turbobob whats the logic on bying 2nd green candle instead of on 1st greeen candle? just your preference?
On the first pull back (or no more than the second pull back) you are looking for the stock to reverse. If find there is no confirmation on 1 green candle. YOu need a second one to show there is, at least, some shift in direction. But it does not always work and you need to be ready to exit from the trade if it fails. But, if it is the second candle and it does work, then the wait is worth it as the stock will move strongly to the up side.
@Turbobob gotcha...your Highness!! thanks for sharing!
Anytime April. Happy to answer any questions.
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