What's UP n Down trending in Stocks?
the 1st principle in stocks, by the # of pure math that repeats.
1. Downtrending stocks can REBOUND
i.e. there could be up to 2nd to 3rd HH, max at 4th HH then Correction, CN takes over again.
If CN is shallow then BIG thing could happen,,
n by which time the weekly macd should be very close to 0 axis = the great divide.
n if price is steady eddy with weekly RSI14 > 48% for weeks = a foundation is established for good times,
n > 56 to 68.8% is preparing to fly
> 68.8% = fast n furious flying journey could start...
2. Staircase Analytics can help at all times i.e.
a. UPTRENDING begins with 1st step up the staircase i.e.
1st HH then 1st HL to be followed to 2nd HH, n beyond to a series of HH values.
Take risk, Entry pts r at HL n at about macd GC pts of 3 or 4 hr n faster signal can be at 2 hour chart.
b. Down trending starts with 1st step down from the top prices i.e.
1st LL then 1st LH n continues downwards, to a series of LL prices.
Exit pts r at LH.
STOCKS could be easier to deal, with this simplest pic:
1st HL n also at BO pt to the next HH = enter
1st LH n the next LL = exit
