2 Steps in Drawing a Downtrend Channel
A buying strategy in a downtrend.
How to identify buying opportunity in a downtrend?
Not my preference to buy in a downtrend, but that does not mean we should avoid it when buying opportunity arises.
Recognizing it is a downtrend, we keep our buy position short-term; as we are going against the trend.
Discussion: Rules in constructing a downtrend parallel trendline
Rule 1 – First the downtrend line
Rule 2 – Then, its parallel
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
How to identify buying opportunity in a downtrend?
Not my preference to buy in a downtrend, but that does not mean we should avoid it when buying opportunity arises.
Recognizing it is a downtrend, we keep our buy position short-term; as we are going against the trend.
Discussion: Rules in constructing a downtrend parallel trendline
Rule 1 – First the downtrend line
Rule 2 – Then, its parallel
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
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